Showing 1 - 10 of 10
Persistent link: https://www.econbiz.de/10014249723
Persistent link: https://www.econbiz.de/10014331062
We provide an overview of micro-based research using models of currency trading set in a partial equilibrium setting, and in the general equilibrium setting of modern macroeconomic models. In so doing we aim to dispel the myth that micro-based research is solely focused on the details of...
Persistent link: https://www.econbiz.de/10013131077
Micro-based exchange-rate research examines the determination and behavior of spot exchange rates in an environment that replicates the key features of trading in the foreign exchange (FX) market. Traditional macro exchange-rate models play little attention to how trading in the FX market...
Persistent link: https://www.econbiz.de/10013119949
This article presents an overview of research on the Microstructure of Foreign Exchange Markets. We begin by summarizing the institutional features of FX trading and describe how they have evolved since the 1980s. We then explain how these features are represented in microstructure models of FX...
Persistent link: https://www.econbiz.de/10012891430
Persistent link: https://www.econbiz.de/10009489588
higher growth. Our analysis accommodates costly signaling for gaining credibility and also assigns a novel role to spending …
Persistent link: https://www.econbiz.de/10010468584
higher growth. Our analysis accommodates costly signalling for gaining credibility and also assigns a novel role to spending …
Persistent link: https://www.econbiz.de/10010494118
sovereign is not a reliable measure of austerity suffered; and that austerity may actually be associated with higher growth. Our …
Persistent link: https://www.econbiz.de/10010463597
-capita growth. The OLG model captures direct effects, working through adjustments in the savings rate, labor supply, and capital … politico-economic equilibrium. Growth is driven by capital accumulation and productivity increases fueled by public investment … to demographic ageing and per-capita growth to accelerate. If the retirement age were held constant, the growth rate in …
Persistent link: https://www.econbiz.de/10009300343