Author Page for Charles M. Engel

The International Financial Crisis and Policy Challenges in Asia and the Pacific

BIS Paper No. 52

Number of pages: 402 Posted: 24 Jul 2010

Bank for International Settlements (BIS), Bank for International Settlements (BIS) - Monetary and Economic Department, Bank for International Settlements (BIS), Reserve Bank of New Zealand, Swiss National Bank, Bruegel, Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), Bank for International Settlements (BIS), University of Copenhagen - Department of Economics, Bank for International Settlements (BIS), University of Geneva - Graduate Institute of International Studies (HEI), Bank for International Settlements (BIS) - Monetary and Economic Department, Columbia University - Columbia Business School, Finance, Herbert Smith, affiliation not provided to SSRN, University of Wisconsin-Madison - Department of Economics, University of British Columbia (UBC) - Department of Economics, London School of Economics & Political Science (LSE) - Financial Markets Group, Board of Governors of the Federal Reserve System, Bank for International Settlements (BIS), affiliation not provided to SSRN, Bank of Japan - Institute of Monetary and Economic Studies, Bank of Thailand, Central Bank of Malaysia and Government of the Republic of the Philippines - Central Bank of the Philippines-Bangko Sentral ng Pilipinas

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Citation 1

Abstract:

2.

Exchange Rates and Fundamentals

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Citation 33

3

Exchange Rates and Fundamentals

Number of pages: 50 Posted: 02 Dec 2003

Charles M. Engel and Kenneth D. West

University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 638 (86,690)

Citation 2

Abstract:

Exchange Rates and Fundamentals

NBER Working Paper No. w10723

Number of pages: 48 Posted: 17 Sep 2004 Last Revised: 26 Oct 2022

Charles M. Engel and Kenneth D. West

University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 167 (371,946)

Citation 31

Abstract:

Exchange Rates and Fundamentals

Posted: 12 May 2005

Charles M. Engel and Kenneth D. West

University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

Abstract:

3.

Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime

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Citation 12

2

Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime

Number of pages: 53 Posted: 07 Apr 1999

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 543 (106,354)

Citation 12

Abstract:

Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime

NBER Working Paper No. w6867

Number of pages: 54 Posted: 30 Aug 2000 Last Revised: 08 Oct 2022

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 239 (265,713)

Abstract:

4.

Long-Run PPP May Not Hold after All

Downloads 504 (118,024)

Citation 15

2

Long-Run PPP May Not Hold after All

Number of pages: 49 Posted: 03 May 1999

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 472 (126,125)

Citation 4

Abstract:

Long-Run PPP May Not Hold after All

NBER Working Paper No. w5646

Number of pages: 51 Posted: 08 Dec 2010 Last Revised: 07 Dec 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 32 (989,274)

Citation 11

Abstract:

5.

Deviations from Purchasing Power Parity: Causes and Welfare Costs

Number of pages: 28 Posted: 18 Aug 2000

Charles M. Engel and John H. Rogers

University of Wisconsin-Madison - Department of Economics and Fudan University - Fanhai International School of Finance (FISF)

Downloads 400 (155,104)

Citation 14

Abstract:

6.

Accounting for U.S. Real Exchange Rate Changes

Downloads 355 (177,091)

Citation 77

3

Accounting for U.S. Real Exchange Rate Changes

University of Washington Economics Working Paper

Number of pages: 49 Posted: 25 May 1999

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 286 (221,458)

Citation 77

Abstract:

Accounting for U.S. Real Exchange Rate Changes

NBER Working Paper No. w5394

Number of pages: 55 Posted: 09 Jul 2000 Last Revised: 29 Sep 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 69 (702,849)

Abstract:

Accounting for U.S. Real Exchange Rate Changes

Posted: 10 Jun 1999

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Abstract:

7.

The Long-Run U.S./U.K. Real Exchange Rate

Downloads 347 (181,514)

2

The Long-Run U.S./U.K. Real Exchange Rate

Number of pages: 44 Posted: 06 Feb 1997

Charles M. Engel and Chang-Jin Kim

University of Wisconsin-Madison - Department of Economics and Dept. of Economics, University of Washington

Downloads 296 (213,619)

Abstract:

The Long-Run U.S./U.K. Real Exchange Rate

NBER Working Paper No. w5777

Number of pages: 39 Posted: 14 Jun 2000 Last Revised: 16 Oct 2022

Charles M. Engel and Chang-Jin Kim

University of Wisconsin-Madison - Department of Economics and Dept. of Economics, University of Washington

Downloads 51 (818,504)

Abstract:

8.

Intra-National, Intra-Continental, and Intra-Planetary PPP

Downloads 254 (251,757)

Citation 4

2

Intra-National, Intra-Continental, and Intra-Planetary PPP

Number of pages: 32 Posted: 17 Apr 1998

Charles M. Engel, Michael K. Hendrickson and John H. Rogers

University of Wisconsin-Madison - Department of Economics, affiliation not provided to SSRN and Fudan University - Fanhai International School of Finance (FISF)

Downloads 198 (318,542)

Citation 4

Abstract:

Intra-National, Intra-Continental, and Intra-Planetary PPP

NBER Working Paper No. w6069

Number of pages: 32 Posted: 25 May 2006 Last Revised: 03 Aug 2022

Charles M. Engel, Michael K. Hendrickson and John H. Rogers

University of Wisconsin-Madison - Department of Economics, affiliation not provided to SSRN and Fudan University - Fanhai International School of Finance (FISF)

Downloads 56 (782,569)

Abstract:

9.

Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy

Downloads 207 (260,923)

Citation 14

2

Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy

ECB Working Paper No. 614

Number of pages: 49 Posted: 22 May 2006

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 165 (375,985)

Citation 12

Abstract:

Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy

NBER Working Paper No. w12215

Number of pages: 37 Posted: 25 May 2006 Last Revised: 18 Nov 2022

Michael B. Devereux, Michael B. Devereux and Charles M. Engel

National Bureau of Economic Research (NBER), University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 42 (891,931)

Citation 2

Abstract:

10.

Revisiting Exchange Rate Puzzles

BIS Paper No. 96a

Number of pages: 9 Posted: 06 Apr 2018

Charles M. Engel and Feng Zhu

University of Wisconsin-Madison - Department of Economics and Ant Financial

Downloads 238 (268,383)

Abstract:

11.

Portfolio Choice in a Monetary Open-Economy DSGE Model

Downloads 217 (293,290)

2

Portfolio Choice in a Monetary Open-Economy DSGE Model

IMF Working Paper No. 05/165

Number of pages: 43 Posted: 03 Mar 2006

Charles M. Engel and Akito Matsumoto

University of Wisconsin-Madison - Department of Economics and International Monetary Fund (IMF)

Downloads 132 (452,935)

Abstract:

Portfolio Choice in a Monetary Open-Economy DSGE Model

NBER Working Paper No. w12214

Number of pages: 50 Posted: 25 May 2006 Last Revised: 17 Nov 2022

Charles M. Engel and Akito Matsumoto

University of Wisconsin-Madison - Department of Economics and International Monetary Fund (IMF)

Downloads 85 (623,720)

Abstract:

12.

Exchange Rate Puzzles: Evidence from Rigidly Fixed Nominal Exchange Rate Systems

BIS Working Paper No. 805

Number of pages: 49 Posted: 05 Sep 2019

Charles M. Engel and Feng Zhu

University of Wisconsin-Madison - Department of Economics and Ant Financial

Downloads 211 (301,130)

Citation 2

Abstract:

13.

Expectations and Exchange Rate Policy

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Citation 1

2

Expectations and Exchange Rate Policy

NBER Working Paper No. w12213

Number of pages: 34 Posted: 25 May 2006 Last Revised: 26 Dec 2022

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 98 (569,077)

Citation 1

Abstract:

Expectations and Exchange Rate Policy

CEPR Discussion Paper No. 5743

Number of pages: 36 Posted: 23 Aug 2006

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

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Abstract:

14.

Endogenous Exchange Rate Pass-Through When Nominal Prices are Set in Advance

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Citation 21

2

Endogenous Exchange Rate Pass-Through When Nominal Prices are Set in Advance

NBER Working Paper No. w9543

Number of pages: 44 Posted: 13 Mar 2003 Last Revised: 31 Jul 2022

Michael B. Devereux, Charles M. Engel and Peter E. Storgaard

University of British Columbia (UBC) - Department of Economics, University of Wisconsin-Madison - Department of Economics and National Bank of Denmark

Downloads 120 (488,945)

Citation 14

Abstract:

Endogenous Exchange Rate Pass-Through When Nominal Prices are Set in Advance

Number of pages: 38 Posted: 24 Nov 2002

Michael B. Devereux, Charles M. Engel and Peter E. Storgaard

University of British Columbia (UBC) - Department of Economics, University of Wisconsin-Madison - Department of Economics and National Bank of Denmark

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Citation 7

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Abstract:

15.

The Optimal Choice of Exchange-Rate Regime: Price Setting Rules and Internationalized Production

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Citation 4

2

The Optimal Choice of Exchange-Rate Regime: Price Setting Rules and Internationalized Production

Number of pages: 37 Posted: 05 May 1999

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 148 (412,794)

Citation 2

Abstract:

The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production

NBER Working Paper No. w6992

Number of pages: 38 Posted: 01 Jul 1999 Last Revised: 11 Aug 2022

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 52 (811,024)

Citation 2

Abstract:

16.

The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence

NBER Working Paper No. w5312

Number of pages: 117 Posted: 21 Jun 2000 Last Revised: 09 Jul 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 198 (319,656)

Citation 18

Abstract:

17.

Inflation and Globalisation: A Modelling Perspective

BIS Paper No. 70k

Number of pages: 10 Posted: 14 Apr 2013

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 192 (328,744)

Citation 1

Abstract:

18.

Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility

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Citation 71

1

Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility

NBER Working Paper No. w7665

Number of pages: 45 Posted: 17 May 2000 Last Revised: 12 Dec 2022

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 90 (601,547)

Citation 71

Abstract:

19.

Comments on Obstfeld and Rogoff's "the Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"

NBER Working Paper No. w7818

Number of pages: 16 Posted: 26 Jul 2000 Last Revised: 13 Nov 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 172 (362,918)

Citation 3

Abstract:

20.

The International Diversification Puzzle When Goods Prices are Sticky: It's Really about Exchange-Rate Hedging, Not Equity Portfolios

IMF Working Paper No. 09/12

Number of pages: 49 Posted: 11 Mar 2009

Charles M. Engel and Akito Matsumoto

University of Wisconsin-Madison - Department of Economics and International Monetary Fund (IMF)

Downloads 161 (384,235)

Citation 27

Abstract:

21.

Relative Price Volatility: What Role Does the Border Play?

Number of pages: 30 Posted: 03 Mar 1999

Charles M. Engel and John H. Rogers

University of Wisconsin-Madison - Department of Economics and Fudan University - Fanhai International School of Finance (FISF)

Downloads 160 (386,303)

Citation 2

Abstract:

22.

The Real Exchange Rate, Real Interest Rates, and the Risk Premium

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Citation 2

1

The Real Exchange Rate, Real Interest Rates, and the Risk Premium

NBER Working Paper No. w17116

Number of pages: 55 Posted: 12 Jun 2011 Last Revised: 09 Apr 2023

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 64 (731,675)

Citation 2

Abstract:

23.

Collateral Advantage: Exchange Rates, Capital Flows, and Global Cycles

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Citation 1

2

Collateral Advantage: Exchange Rates, Capital Flows, and Global Cycles

Number of pages: 45 Posted: 28 Sep 2022

Michael B. Devereux, Charles M. Engel and Steve Pak Yeung Wu

University of British Columbia (UBC) - Department of Economics, University of Wisconsin-Madison - Department of Economics and University of California, San Diego (UCSD) - Department of Economics

Downloads 143 (424,452)

Abstract:

Collateral Advantage: Exchange Rates, Capital Flows and Global Cycles

NBER Working Paper No. w31164

Number of pages: 60 Posted: 24 Apr 2023 Last Revised: 08 May 2023

Michael B. Devereux, Charles M. Engel and Steve Pak Yeung Wu

University of British Columbia (UBC) - Department of Economics, University of Wisconsin-Madison - Department of Economics and University of California, San Diego (UCSD)

Downloads 15 (1,203,175)

Citation 1

Abstract:

24.

On the Foreign Exchange Risk Premium in Stick-Price General Equilibrium Models

Number of pages: 16 Posted: 05 May 1999

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 155 (397,011)

Citation 1

Abstract:

25.

How Wide is the Border?

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Citation 11

2

How Wide is the Border?

NBER Working Paper No. w4829

Number of pages: 43 Posted: 06 Sep 2000 Last Revised: 12 Sep 2022

Charles M. Engel and John H. Rogers

University of Wisconsin-Madison - Department of Economics and Fudan University - Fanhai International School of Finance (FISF)

Downloads 153 (401,437)

Citation 11

Abstract:

How Wide is the Border?

AMERICAN ECONOMIC REVIEW, Vol 86 No 5, December 1996

Posted: 21 Feb 1997

Charles M. Engel and John H. Rogers

University of Wisconsin-Madison - Department of Economics and Fudan University - Fanhai International School of Finance (FISF)

Abstract:

26.

International Risk Sharing: Through Equity Diversification or Exchange Rate Hedging?

IMF Working Paper No. 09/138

Number of pages: 46 Posted: 28 Jul 2009

Charles M. Engel and Akito Matsumoto

University of Wisconsin-Madison - Department of Economics and International Monetary Fund (IMF)

Downloads 144 (421,434)

Abstract:

27.

The U.S. Current Account Deficit and the Expected Share of World Output

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Citation 4

1

The U.S. Current Account Deficit and the Expected Share of World Output

NBER Working Paper No. w11921

Number of pages: 68 Posted: 11 Apr 2006 Last Revised: 30 Jul 2022

Charles M. Engel and John H. Rogers

University of Wisconsin-Madison - Department of Economics and Fudan University - Fanhai International School of Finance (FISF)

Downloads 50 (825,969)

Citation 4

Abstract:

28.

Why Money Announcements Move Interest Rates: An Answer from the Foreign Exchange Market

NBER Working Paper No. w1049

Number of pages: 29 Posted: 27 Apr 2000 Last Revised: 14 Nov 2022

Charles M. Engel and Jeffrey A. Frankel

University of Wisconsin-Madison - Department of Economics and Harvard University - Harvard Kennedy School (HKS)

Downloads 142 (426,150)

Citation 5

Abstract:

29.

Revisiting the Border: An Assessment of the Law of One Price Using Very Disaggregated Consumer Price Data

Number of pages: 25 Posted: 13 Oct 2003

Charles M. Engel, John H. Rogers and Shing-Yi Wang

University of Wisconsin-Madison - Department of Economics, Fudan University - Fanhai International School of Finance (FISF) and Yale University - Department of Economics

Downloads 139 (433,379)

Citation 14

Abstract:

30.

Relative Price Volatility: What Role Does the Border Play

Number of pages: 31 Posted: 10 Dec 1998

John H. Rogers and Charles M. Engel

Fudan University - Fanhai International School of Finance (FISF) and University of Wisconsin-Madison - Department of Economics

Downloads 138 (435,837)

Citation 1

Abstract:

31.

International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities

NBER Working Paper No. w13814

Number of pages: 55 Posted: 15 Feb 2008 Last Revised: 01 Oct 2022

Charles M. Engel and Jian Wang

University of Wisconsin-Madison - Department of Economics and The Chinese University of Hong Kong, Shenzhen

Downloads 129 (459,928)

Citation 22

Abstract:

32.

Capital Controls: What Have We Learned?

BIS Paper No. 68f

Number of pages: 5 Posted: 13 Apr 2013

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 121 (483,404)

Abstract:

33.

Can the Markov Switching Model Forecast Exchange Rates?

NBER Working Paper No. w4210

Number of pages: 46 Posted: 27 Apr 2000 Last Revised: 02 Jan 2023

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 106 (533,431)

Citation 6

Abstract:

34.

Real Exchange Rates and Relative Prices: An Empirical Investigation

NBER Working Paper No. w4231

Number of pages: 24 Posted: 11 Jul 2007 Last Revised: 25 Jul 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 105 (537,121)

Citation 8

Abstract:

35.

The Adjustment of Prices and the Adjustment of the Exchange Rate

NBER Working Paper No. w8550

Number of pages: 44 Posted: 18 Oct 2001 Last Revised: 13 Nov 2022

Charles M. Engel and James Morley

University of Wisconsin-Madison - Department of Economics and University of Sydney - School of Economics

Downloads 102 (548,506)

Abstract:

36.

Real Exchange Rates and Sectoral Productivity in the Eurozone

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Citation 4

4

Real Exchange Rates and Sectoral Productivity in the Eurozone

CAMA Working Paper No. 66/2014

Number of pages: 70 Posted: 22 Oct 2014 Last Revised: 23 Oct 2014

Martin Berka, Michael B. Devereux and Charles M. Engel

School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 59 (762,620)

Abstract:

Real Exchange Rates and Sectoral Productivity in the Eurozone

NBER Working Paper No. w20510

Number of pages: 69 Posted: 22 Sep 2014 Last Revised: 17 Jul 2023

Martin Berka, Michael B. Devereux and Charles M. Engel

School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 39 (919,331)

Abstract:

Real Exchange Rates and Sectoral Productivity in the Eurozone

CEPR Discussion Paper No. DP10203

Number of pages: 71 Posted: 21 Oct 2014

Martin Berka, Michael B. Devereux and Charles M. Engel

School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 1 (1,356,412)

Citation 4

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Abstract:

Real Exchange Rates and Sectoral Productivity in the Eurozone

American Economic Review, 2018, 108(6), June, 1543 - 1581

Posted: 14 Apr 2019

Martin Berka, Michael B. Devereux and Charles M. Engel

School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Abstract:

37.

Long Swings in the Exchange Rate: are They in the Data and Do Markets Know it?

NBER Working Paper No. w3165

Number of pages: 56 Posted: 09 Jun 2004 Last Revised: 27 Aug 2022

Charles M. Engel and James D. Hamilton

University of Wisconsin-Madison - Department of Economics and University of California at San Diego

Downloads 96 (571,295)

Citation 15

Abstract:

38.

Exchange Rates, Interest Rates, and the Risk Premium

NBER Working Paper No. w21042

Number of pages: 66 Posted: 23 Mar 2015 Last Revised: 01 Jul 2023

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 93 (582,921)

Citation 90

Abstract:

39.

Does "Aggregation Bias" Explain the PPP Puzzle?

NBER Working Paper No. w10304

Number of pages: 37 Posted: 20 Apr 2004 Last Revised: 27 Feb 2022

Shiu‐Sheng Chen and Charles M. Engel

Department of Economics, National Taiwan University and University of Wisconsin-Madison - Department of Economics

Downloads 92 (586,777)

Citation 3

Abstract:

40.

A Test of International CAPM

NBER Working Paper No. w2054

Number of pages: 25 Posted: 28 Dec 2006 Last Revised: 14 Aug 2022

Charles M. Engel and Anthony P. Rodrigues

University of Wisconsin-Madison - Department of Economics and Federal Reserve Bank of New York

Downloads 87 (607,188)

Abstract:

41.

Factor Model Forecasts of Exchange Rates

NBER Working Paper No. w18382

Number of pages: 33 Posted: 15 Sep 2012 Last Revised: 25 Mar 2023

Charles M. Engel, Nelson C. Mark and Kenneth D. West

University of Wisconsin-Madison - Department of Economics, University of Notre Dame - Department of Economics and Econometrics and University of Wisconsin-Madison - Department of Economics

Downloads 84 (620,184)

Citation 4

Abstract:

42.

Forecasting the U.S. Dollar in the 21st Century

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Citation 3

3

Forecasting the U.S. Dollar in the 21st Century

Number of pages: 62 Posted: 11 Jan 2022

Charles M. Engel and Steve Pak Yeung Wu

University of Wisconsin-Madison - Department of Economics and University of California, San Diego (UCSD)

Downloads 47 (849,588)

Abstract:

Forecasting the U.S. Dollar in the 21st Century

NBER Working Paper No. w28447

Number of pages: 69 Posted: 08 Feb 2021 Last Revised: 15 May 2023

Charles M. Engel and Steve Pak Yeung Wu

University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 36 (948,414)

Citation 3

Abstract:

Forecasting the U.S. Dollar in the 21st Century

CEPR Discussion Paper No. DP15915

Number of pages: 71 Posted: 15 Mar 2021

Charles M. Engel and Steve Pak Yeung Wu

University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

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Abstract:

43.

Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect

NBER Working Paper No. w8858

Number of pages: 43 Posted: 28 Mar 2002 Last Revised: 16 Sep 2022

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 80 (637,783)

Citation 6

Abstract:

44.

Exchange Rates and Interest Parity

NBER Working Paper No. w19336

Number of pages: 77 Posted: 17 Aug 2013 Last Revised: 03 May 2023

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 79 (642,375)

Citation 18

Abstract:

45.

Some New Variance Bounds for Asset Prices

NBER Working Paper No. w10981

Number of pages: 14 Posted: 21 Dec 2004 Last Revised: 02 Jan 2023

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 79 (642,375)

Citation 1

Abstract:

46.

The Responsiveness of Consumer Prices to Exchange Rates and the Implications for Exchange-Rate Policy: A Survey of a Few Recent New Open-Economy..

NBER Working Paper No. w8725

Number of pages: 37 Posted: 17 Jan 2002 Last Revised: 05 Nov 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 79 (642,375)

Abstract:

47.

Tests of CAPM on an International Portfolio of Bonds and Stocks

NBER Working Paper No. w4598

Number of pages: 38 Posted: 29 Jun 2000 Last Revised: 27 Jul 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 78 (646,906)

Abstract:

48.

Currency Unions and International Integration

NBER Working Paper No. w7872

Number of pages: 40 Posted: 06 Feb 2001 Last Revised: 07 Jul 2022

Andrew Kenan Rose, Andrew Kenan Rose and Charles M. Engel

NUS Business SchoolUniversity of California - Haas School of Business and University of Wisconsin-Madison - Department of Economics

Downloads 76 (656,127)

Citation 7

Abstract:

49.

Tests of International CAPM with Time-Varying Covariances

NBER Working Paper No. w2303

Number of pages: 55 Posted: 18 Aug 2004 Last Revised: 19 Oct 2022

Charles M. Engel and Anthony P. Rodrigues

University of Wisconsin-Madison - Department of Economics and Federal Reserve Bank of New York

Downloads 70 (685,866)

Citation 2

Abstract:

50.

Expected Consumption Growth from Cross-Country Surveys: Implications for Assessing International Capital Markets

FRB International Finance Discussion Paper No. 949

Number of pages: 56 Posted: 01 Nov 2008

Charles M. Engel and John H. Rogers

University of Wisconsin-Madison - Department of Economics and Fudan University - Fanhai International School of Finance (FISF)

Downloads 68 (696,402)

Citation 4

Abstract:

51.

Saving and Investment in an Open Economy with Non-Traded Goods

NBER Working Paper No. w2141

Number of pages: 26 Posted: 15 Mar 2007 Last Revised: 09 Nov 2022

Charles M. Engel and Kenneth M. Kletzer

University of Wisconsin-Madison - Department of Economics and University of California at Santa Cruz

Downloads 68 (696,402)

Abstract:

52.

Taylor Rules and the Deutschmark-Dollar Real Exchange Rate

NBER Working Paper No. w10995

Number of pages: 29 Posted: 19 Jan 2005 Last Revised: 18 Jul 2022

Charles M. Engel and Kenneth D. West

University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 68 (696,402)

Citation 21

Abstract:

53.

Real Exchange Rate Adjustment In and Out of the Eurozone

American Economic Review, Vol. 102, No. 3, 2012

Number of pages: 7 Posted: 06 Jun 2013

Martin Berka, Michael B. Devereux and Charles M. Engel

School of Economics and Finance, Massey University, University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 61 (735,620)

Abstract:

54.

A Model of Foreign Exchange Rate Indetermination

NBER Working Paper No. w5766

Number of pages: 24 Posted: 30 Jan 1997 Last Revised: 05 Oct 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 61 (735,620)

Abstract:

55.

Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One

NBER Working Paper No. w10267

Number of pages: 22 Posted: 28 Dec 2006 Last Revised: 23 Jul 2022

Charles M. Engel and Kenneth D. West

University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 60 (741,533)

Citation 1

Abstract:

56.

The Uncovered Interest Parity Puzzle, Exchange Rate Forecasting, and Taylor Rules

NBER Working Paper No. w24059

Number of pages: 33 Posted: 28 Nov 2017 Last Revised: 29 Mar 2023

Charles M. Engel, Dohyeon Lee, Chang Liu, Chenxin Liu and Steve Pak Yeung Wu

University of Wisconsin-Madison - Department of Economics, University of Wisconsin-Madison - Department of Economics, affiliation not provided to SSRN, University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 59 (747,384)

Citation 6

Abstract:

57.

Currency Misalignments and Optimal Monetary Policy: A Reexamination

NBER Working Paper No. w14829

Number of pages: 47 Posted: 06 Apr 2009 Last Revised: 10 Jul 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

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Citation 25

Abstract:

58.

Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing

NBER Working Paper No. w11209

Number of pages: 20 Posted: 20 Apr 2005 Last Revised: 19 Aug 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 58 (753,582)

Citation 21

Abstract:

59.

Do Asset-Demand Functions Optimize Over the Mean and Variance of Real Returns? A Six-Currency Test

NBER Working Paper No. w1051

Number of pages: 28 Posted: 11 Apr 2004 Last Revised: 17 Nov 2022

Jeffrey A. Frankel and Charles M. Engel

Harvard University - Harvard Kennedy School (HKS) and University of Wisconsin-Madison - Department of Economics

Downloads 57 (759,960)

Citation 7

Abstract:

60.

The Distribution of Exchange Rates in the EMS

NBER Working Paper No. w4834

Number of pages: 36 Posted: 24 Nov 2000 Last Revised: 18 Sep 2022

Charles M. Engel and Craig S. Hakkio

University of Wisconsin-Madison - Department of Economics and Federal Reserve Bank of Kansas City

Downloads 57 (759,960)

Abstract:

61.

Endogenous Currency of Price Setting in a Dynamic Open Economy Model

NBER Working Paper No. w8559

Number of pages: 36 Posted: 25 Oct 2001 Last Revised: 21 Nov 2022

Michael B. Devereux and Charles M. Engel

University of British Columbia (UBC) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 54 (779,592)

Abstract:

62.

Exchange Rate Models are Not as Bad as You Think

NBER Working Paper No. w13318

Number of pages: 61 Posted: 23 May 2012 Last Revised: 23 Nov 2022

Charles M. Engel, Nelson C. Mark and Kenneth D. West

University of Wisconsin-Madison - Department of Economics, University of Notre Dame - Department of Economics and Econometrics and University of Wisconsin-Madison - Department of Economics

Downloads 51 (800,258)

Citation 44

Abstract:

63.

Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies

NBER Working Paper No. w5395

Number of pages: 45 Posted: 12 Jul 2000 Last Revised: 30 Sep 2022

Charles M. Engel and John H. Rogers

University of Wisconsin-Madison - Department of Economics and Fudan University - Fanhai International School of Finance (FISF)

Downloads 50 (807,319)

Abstract:

64.

Exchange Rate Pass-Through and the Welfare Effects of the Euro

NBER Working Paper No. w7382

Number of pages: 63 Posted: 30 Dec 1999 Last Revised: 04 Sep 2022

Michael B. Devereux, Charles M. Engel and Cédric Tille

University of British Columbia (UBC) - Department of Economics, University of Wisconsin-Madison - Department of Economics and Graduate Institute of International and Development Studies (HEI)

Downloads 50 (807,319)

Citation 5

Abstract:

65.

Liquidity and Exchange Rates: An Empirical Investigation

Downloads 49 (814,576)

Citation 37

2

Liquidity and Exchange Rates: An Empirical Investigation

NBER Working Paper No. w25397

Number of pages: 67 Posted: 26 Dec 2018 Last Revised: 25 May 2023

Charles M. Engel and Steve Pak Yeung Wu

University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 48 (841,517)

Abstract:

Liquidity and Exchange Rates - An Empirical Investigation

CEPR Discussion Paper No. DP13401

Number of pages: 55 Posted: 07 Jan 2019

Charles M. Engel and Steve Pak Yeung Wu

University of Wisconsin-Madison - Department of Economics and University of Wisconsin-Madison - Department of Economics

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Citation 37

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Abstract:

66.

On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models

NBER Working Paper No. w7067

Number of pages: 18 Posted: 20 Jul 2000 Last Revised: 26 Oct 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 49 (814,576)

Abstract:

67.

Relative Returns on Equities in Pacific Basin Countries

NBER Working Paper No. w4655

Number of pages: 31 Posted: 12 Jul 2000 Last Revised: 22 Sep 2022

Charles M. Engel and John H. Rogers

University of Wisconsin-Madison - Department of Economics and Fudan University - Fanhai International School of Finance (FISF)

Downloads 49 (814,576)

Abstract:

68.

The Constrained Asset Share Estimation (Case) Method: Testing Mean-Variance Efficiency of the U.S. Stock Market

NBER Working Paper No. w4294

Number of pages: 31 Posted: 06 Jul 2004 Last Revised: 26 Sep 2022

Charles M. Engel, Jeffrey A. Frankel, Kenneth Froot and Anthony P. Rodrigues

University of Wisconsin-Madison - Department of Economics, Harvard University - Harvard Kennedy School (HKS), Harvard University Graduate School of Business and Federal Reserve Bank of New York

Downloads 48 (822,012)

Citation 2

Abstract:

69.

Tariffs, Saving and the Current Account

NBER Working Paper No. w1869

Number of pages: 38 Posted: 05 Jul 2004 Last Revised: 12 Aug 2022

Charles M. Engel and Kenneth M. Kletzer

University of Wisconsin-Madison - Department of Economics and University of California at Santa Cruz

Downloads 48 (822,012)

Abstract:

70.

Expenditure Switching and Exchange Rate Policy

NBER Working Paper No. w9016

Number of pages: 64 Posted: 21 Jun 2002 Last Revised: 20 Feb 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 47 (829,629)

Citation 8

Abstract:

71.

Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets

NBER Working Paper No. w7889

Number of pages: 55 Posted: 11 Sep 2000 Last Revised: 24 Jul 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 47 (829,629)

Citation 1

Abstract:

72.

Conditional Mean-Variance Efficiency of the U.S. Stock Market

NBER Working Paper No. w2890

Number of pages: 26 Posted: 29 Nov 2001 Last Revised: 26 Nov 2022

Charles M. Engel, Jeffrey A. Frankel, Kenneth Froot and Anthony P. Rodrigues

University of Wisconsin-Madison - Department of Economics, Harvard University - Harvard Kennedy School (HKS), Harvard University Graduate School of Business and Federal Reserve Bank of New York

Downloads 46 (837,469)

Abstract:

73.

International Borrowing to Finance Investment

NBER Working Paper No. w1865

Number of pages: 44 Posted: 28 May 2004 Last Revised: 06 Feb 2022

Charles M. Engel and Kenneth M. Kletzer

University of Wisconsin-Madison - Department of Economics and University of California at Santa Cruz

Downloads 45 (845,273)

Abstract:

74.

Tariffs and Saving in a Model with New Families

NBER Working Paper No. w2521

Number of pages: 38 Posted: 05 Jul 2004 Last Revised: 23 Nov 2022

Charles M. Engel and Kenneth M. Kletzer

University of Wisconsin-Madison - Department of Economics and University of California at Santa Cruz

Downloads 44 (853,322)

Abstract:

75.

A Reconsideration of the Failure of Uncovered Interest Parity for the U.S. Dollar

Downloads 43 (861,417)

Citation 3

2

A Reconsideration of the Failure of Uncovered Interest Parity for the U.S. Dollar

NBER Working Paper No. w28420

Number of pages: 127 Posted: 01 Feb 2021 Last Revised: 26 Feb 2023

Charles M. Engel, Ekaterina Kazakova, Mengqi Wang and nan xiang

University of Wisconsin-Madison - Department of Economics, University of Wisconsin - Parkside - University of Wisconsin, Amherst College - Department of Economics and University of Wisconsin - Parkside - University of Wisconsin

Downloads 43 (883,114)

Citation 3

Abstract:

A Reconsideration of the Failure of Uncovered Interest Parity for the U.S. Dollar

CEPR Discussion Paper No. DP15872

Number of pages: 131 Posted: 15 Mar 2021

Charles M. Engel, Ekaterina Kazakova, Mengqi Wang and nan xiang

University of Wisconsin-Madison - Department of Economics, University of Wisconsin - Parkside - University of Wisconsin, Amherst College - Department of Economics and University of Wisconsin - Parkside - University of Wisconsin

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Abstract:

76.

The Real Effects of Foreign Inflation in the Presence of Currency Substitution

NBER Working Paper No. w2140

Number of pages: 29 Posted: 15 Mar 2007 Last Revised: 07 Nov 2022

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 42 (869,757)

Abstract:

77.

Trade Policy Under Endogenous Credibility

NBER Working Paper No. w2449

Number of pages: 26 Posted: 06 Apr 2007 Last Revised: 13 Mar 2022

Charles M. Engel and Kenneth M. Kletzer

University of Wisconsin-Madison - Department of Economics and University of California at Santa Cruz

Downloads 40 (886,813)

Abstract:

78.

U.S. Liquid Government Liabilities and Emerging Market Capital Flows *

Number of pages: 50 Posted: 07 Jun 2024

Annie Soyean Lee and Charles M. Engel

Johns Hopkins University, SAIS and University of Wisconsin-Madison - Department of Economics

Downloads 39 (895,729)

Abstract:

79.

Violating the Law of One Price: Should We Make a Federal Case Out of it?

NBER Working Paper No. w7242

Number of pages: 24 Posted: 18 Apr 2011 Last Revised: 17 Apr 2022

Charles M. Engel and John H. Rogers

University of Wisconsin-Madison - Department of Economics and Fudan University - Fanhai International School of Finance (FISF)

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Citation 3

Abstract:

80.

International Coordination of Central Bank Policy

NBER Working Paper No. w20952

Number of pages: 23 Posted: 16 Feb 2015 Last Revised: 02 Apr 2023

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 38 (904,729)

Citation 2

Abstract:

81.

Debauchery and Original Sin: The Currency Composition of Sovereign Debt

NBER Working Paper No. w24671

Number of pages: 63 Posted: 04 Jun 2018 Last Revised: 31 May 2023

Charles M. Engel and Jungjae Park

University of Wisconsin-Madison - Department of Economics and National University of Singapore (NUS) - Department of Economics

Downloads 31 (972,441)

Citation 20

Abstract:

82.

Macroprudential Policy in a World of High Capital Mobility: Policy Implications from an Academic Perspective

NBER Working Paper No. w20951

Number of pages: 31 Posted: 16 Feb 2015 Last Revised: 01 Apr 2023

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Downloads 29 (993,680)

Citation 18

Abstract:

83.

Scrambling for Dollars: International Liquidity, Banks and Exchange Rates

NBER Working Paper No. w29457

Number of pages: 123 Posted: 08 Nov 2021 Last Revised: 28 Jun 2023

Javier Bianchi, Saki Bigio and Charles M. Engel

Federal Reserve Banks - Federal Reserve Bank of Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and University of Wisconsin-Madison - Department of Economics

Downloads 22 (1,074,486)

Abstract:

84.

Exchange Rate Models are Better than You Think, and Why They Didn't Work in the Old Days

NBER Working Paper No. w32808

Number of pages: 70 Posted: 13 Aug 2024

Charles M. Engel and Steve Pak Yeung Wu

University of Wisconsin-Madison - Department of Economics and University of California, San Diego (UCSD)

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Abstract:

85.

U.S. Liquid Government Liabilities and Emerging Market Capital Flows

NBER Working Paper No. w32572

Number of pages: 51 Posted: 18 Jun 2024

Annie Soyean Lee and Charles M. Engel

Johns Hopkins University, SAIS and University of Wisconsin-Madison - Department of Economics

Downloads 6 (1,264,769)

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Abstract:

86.

Scrambling for Dollars: International Liquidity, Banks and Exchange Rates

CEPR Discussion Paper No. DP16712

Number of pages: 98 Posted: 04 Feb 2022

Javier Bianchi, Saki Bigio and Charles M. Engel

Federal Reserve Banks - Federal Reserve Bank of Minneapolis, University of California, Los Angeles (UCLA) - Department of Economics and University of Wisconsin-Madison - Department of Economics

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Abstract:

87.

Exchange Rate Stabilization and Welfare

Annual Review of Economics, Vol. 6, pp. 155-177, 2014

Posted: 08 Aug 2014

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

Abstract:

88.

Rent Sharing, Aggregate Saving and Growth

REVIEW OF DEVELOPMENT ECONOMICS, DE #7023, January 31, 1998

Posted: 26 Mar 1998

Charles M. Engel and Kenneth M. Kletzer

University of Wisconsin-Madison - Department of Economics and University of California at Santa Cruz

Charles M. Engel

University of Wisconsin-Madison - Department of Economics

National Bureau of Economic Research (NBER)

University of Washington - Department of Economics

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Expectations and Exchange Rate Policy

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Endogenous Exchange Rate Pass-Through When Nominal Prices are Set in Advance

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Real Exchange Rates and Sectoral Productivity in the Eurozone

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