The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime

Autores
Bastourre, Diego
Año de publicación
2004
Idioma
inglés
Tipo de recurso
documento de conferencia
Estado
versión publicada
Descripción
This paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings.
Facultad de Ciencias Económicas
Materia
Ciencias Económicas
Exchange rates
Trade-off
Volatility
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-sa/4.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/169225

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spelling The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate RegimeBastourre, DiegoCiencias EconómicasExchange ratesTrade-offVolatilityThis paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings.Facultad de Ciencias Económicas2004-11info:eu-repo/semantics/conferenceObjectinfo:eu-repo/semantics/publishedVersionObjeto de conferenciahttp://purl.org/coar/resource_type/c_5794info:ar-repo/semantics/documentoDeConferenciaapplication/pdfhttp://sedici.unlp.edu.ar/handle/10915/169225enginfo:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2004/BastourreThe Nominal-Real Volatility Trade-off and the Sel_2.pdfinfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-sa/4.0/Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International (CC BY-NC-SA 4.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-09-29T11:43:15Zoai:sedici.unlp.edu.ar:10915/169225Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-09-29 11:43:16.133SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
spellingShingle The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
Bastourre, Diego
Ciencias Económicas
Exchange rates
Trade-off
Volatility
title_short The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title_full The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title_fullStr The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title_full_unstemmed The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
title_sort The Nominal-Real Volatility Trade-off and the Selection of the Exchange Rate Regime
dc.creator.none.fl_str_mv Bastourre, Diego
author Bastourre, Diego
author_facet Bastourre, Diego
author_role author
dc.subject.none.fl_str_mv Ciencias Económicas
Exchange rates
Trade-off
Volatility
topic Ciencias Económicas
Exchange rates
Trade-off
Volatility
dc.description.none.fl_txt_mv This paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings.
Facultad de Ciencias Económicas
description This paper studies the way a rational policymaker endogenously selects the exchange rate regime. To this end, two main ideas are intensively explored: i) the exchange rate regimes are non-neutral; and it) there exists a trade-off between nominal volatility and real volatiity. Regarding the empirical evidence, it is proposed a methodology to analyze the underlying factors of the exchange rate regime choices. The central empirical result is that the policymaker desired degree of exchange rate flexibility is influenced by both nominal and real volatity. Furthermore, these empirical results are in the same line of the theoretical findings.
publishDate 2004
dc.date.none.fl_str_mv 2004-11
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info:eu-repo/semantics/publishedVersion
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status_str publishedVersion
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url http://sedici.unlp.edu.ar/handle/10915/169225
dc.language.none.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv info:eu-repo/semantics/altIdentifier/url/https://bd.aaep.org.ar/anales/works/works2004/BastourreThe Nominal-Real Volatility Trade-off and the Sel_2.pdf
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