FRINK Linked Data Fragments server

Matches in SemOpenAlex for { <https://semopenalex.org/work/W1544594973> ?p ?o ?g. }

• W1544594973 abstract "This paper examines monetary regime switching in Canada and the United States and the implications of regime switching for exchange rates and key nominal and real macroeconomic aggregates for the two countries. Evidence of Markov regime switching in the process governing monetary base growth and in the bilateral exchange rate between the two countries is presented. Given this evidence, a two-country general equilibrium monetary model is constructed to account for observed properties of the U.S.-Canadian dollar exchange rate and for measured effects of monetary policy on key variables. Agents in the model face a monetary policy process with regime switching and form beliefs about regimes and money growth using observations and Bayesian learning. With the driving process for money growth rates parameterized using estimates from U.S. and Canadian data, quantitative implications of the model for behaviors of exchange rates and other key variables are examined. The findings are that inc lusion of learning by agents contributes somewhat to the model's ability to account for persistence in effects of money shocks on variables, provided that the shocks themselves are persistent; inclusion of learning contributes little in accounting for business cycle fluctuations and exchange rate variability; inclusion of a nonlinear driving process for money growth rates is important for the model to account for long swings in exchange rates; inclusion of learning adds only slightly to the ability of the model to account for long swings. The importance of nonlinearities in the driving process and the relative lack of importance of learning are consistent with other findings in the literature of learning effects in the face of regime switches." @default.
• W1544594973 created "2016-06-24" @default.
• W1544594973 creator A5021112337 @default.
• W1544594973 creator A5058844516 @default.
• W1544594973 date "1999-01-01" @default.
• W1544594973 modified "2023-10-16" @default.
• W1544594973 title "EXCHANGE RATES AND MONETARY POLICY REGIMES IN CANADA AND THE U.S." @default.
• W1544594973 cites W1520926945 @default.
• W1544594973 cites W1521361552 @default.
• W1544594973 cites W1575323226 @default.
• W1544594973 cites W1606668433 @default.
• W1544594973 cites W1606744181 @default.
• W1544594973 cites W1966082019 @default.
• W1544594973 cites W2008950317 @default.
• W1544594973 cites W2050777312 @default.
• W1544594973 cites W2074812030 @default.
• W1544594973 cites W2119005210 @default.
• W1544594973 cites W2890813531 @default.
• W1544594973 cites W2993913974 @default.
• W1544594973 cites W3121805707 @default.
• W1544594973 cites W3124243112 @default.
• W1544594973 cites W3124706868 @default.
• W1544594973 cites W3125032643 @default.
• W1544594973 cites W3125324188 @default.
• W1544594973 cites W3125844116 @default.
• W1544594973 cites W3146166473 @default.
• W1544594973 cites W3151571649 @default.
• W1544594973 doi "https://doi.org/10.21799/frbp.wp.1999.13" @default.
• W1544594973 hasPublicationYear "1999" @default.
• W1544594973 type Work @default.
• W1544594973 sameAs 1544594973 @default.
• W1544594973 citedByCount "5" @default.
• W1544594973 crossrefType "report-series" @default.
• W1544594973 hasAuthorship W1544594973A5021112337 @default.
• W1544594973 hasAuthorship W1544594973A5058844516 @default.
• W1544594973 hasBestOaLocation W15445949731 @default.
• W1544594973 hasConcept C126285488 @default.
• W1544594973 hasConcept C139719470 @default.
• W1544594973 hasConcept C149782125 @default.
• W1544594973 hasConcept C162324750 @default.
• W1544594973 hasConcept C2776988154 @default.
• W1544594973 hasConcept C556758197 @default.
• W1544594973 hasConcept C83873408 @default.
• W1544594973 hasConceptScore W1544594973C126285488 @default.
• W1544594973 hasConceptScore W1544594973C139719470 @default.
• W1544594973 hasConceptScore W1544594973C149782125 @default.
• W1544594973 hasConceptScore W1544594973C162324750 @default.
• W1544594973 hasConceptScore W1544594973C2776988154 @default.
• W1544594973 hasConceptScore W1544594973C556758197 @default.
• W1544594973 hasConceptScore W1544594973C83873408 @default.
• W1544594973 hasLocation W15445949731 @default.
• W1544594973 hasLocation W15445949732 @default.
• W1544594973 hasOpenAccess W1544594973 @default.
• W1544594973 hasPrimaryLocation W15445949731 @default.
• W1544594973 hasRelatedWork W1513974699 @default.
• W1544594973 hasRelatedWork W1550685361 @default.
• W1544594973 hasRelatedWork W1584211970 @default.
• W1544594973 hasRelatedWork W1948841750 @default.
• W1544594973 hasRelatedWork W2272354338 @default.
• W1544594973 hasRelatedWork W2284762591 @default.
• W1544594973 hasRelatedWork W2347138443 @default.
• W1544594973 hasRelatedWork W2592561479 @default.
• W1544594973 hasRelatedWork W2954523804 @default.
• W1544594973 hasRelatedWork W3021798147 @default.
• W1544594973 hasRelatedWork W3025559704 @default.
• W1544594973 hasRelatedWork W3121198734 @default.
• W1544594973 hasRelatedWork W3124944707 @default.
• W1544594973 hasRelatedWork W3125058419 @default.
• W1544594973 hasRelatedWork W3125333135 @default.
• W1544594973 hasRelatedWork W3125558923 @default.
• W1544594973 hasRelatedWork W3125687922 @default.
• W1544594973 hasRelatedWork W3126065150 @default.
• W1544594973 hasRelatedWork W3145554374 @default.
• W1544594973 hasRelatedWork W3162228769 @default.
• W1544594973 isParatext "false" @default.
• W1544594973 isRetracted "false" @default.
• W1544594973 magId "1544594973" @default.
• W1544594973 workType "paratext" @default.