Charles M. Engel

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

University of Washington - Department of Economics

Box 353330

Seattle, WA 98195-3330

United States

University of Wisconsin - Madison - Department of Economics

1180 Observatory Drive

Madison, WI 53706

United States

SCHOLARLY PAPERS

80

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6,766

CITATIONS
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Top 126

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2,271

Scholarly Papers (80)

1.
Downloads 657 ( 32,791)
Citation 113

Exchange Rates and Fundamentals

ECB Working Paper No. 248
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 574 (38,661)
Citation 113

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Exchange rates, random walk, present value, monetary model, asset price

Exchange Rates and Fundamentals

NBER Working Paper No. w10723
Number of pages: 48 Posted: 17 Sep 2004
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 83 (261,804)
Citation 113

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Exchange Rates and Fundamentals

Journal of Political Economy, Vol. 113, pp. 485-517, June 2005
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

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2.

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), Nordea Group, Bank for International Settlements (BIS), University of Geneva - Graduate Institute of International Studies (HEI), Bank for International Settlements (BIS) - Monetary and Economic Department, Columbia Business School - Finance and Economics, 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, Federal Reserve Board - Division of Monetary Affairs, 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
Downloads 631 (25,101)
Citation 3

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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 425 (56,847)
Citation 48

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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
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 72 (285,100)
Citation 48

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4.
Downloads 402 ( 61,428)
Citation 50

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 392 (62,683)
Citation 50

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Long-Run PPP May Not Hold after All

NBER Working Paper No. w5646
Number of pages: 51 Posted: 08 Dec 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 10 (532,431)
Citation 50

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5.
Downloads 279 ( 93,346)
Citation 14

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 Korea University
Downloads 256 (101,757)
Citation 14

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

NBER Working Paper No. w5777
Number of pages: 39 Posted: 14 Jun 2000
Charles M. Engel and Chang-Jin Kim
University of Wisconsin - Madison - Department of Economics and Korea University
Downloads 23 (456,786)
Citation 14

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6.

Deviations from Purchasing Power Parity: Causes and Welfare Costs

International Finance Working Paper No. 666
Number of pages: 28 Posted: 18 Aug 2000
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 243 (94,104)
Citation 30

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exchange rates, borders, integration

7.
Downloads 223 (117,664)
Citation 151

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 191 (136,254)
Citation 151

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Accounting for U.S. Real Exchange Rate Changes

NBER Working Paper No. w5394
Number of pages: 55 Posted: 09 Jul 2000 Last Revised: 30 Sep 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 32 (410,640)
Citation 151

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Accounting for U.S. Real Exchange Rate Changes

Journal of Political Economy, Vol. 107, No. 3, June 1999
Posted: 10 Jun 1999
Charles M. Engel
University of Wisconsin - Madison - Department of Economics

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

Board of Governors of the Federal Reserve System International Finance Disc. Paper No. 589
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 Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 163 (157,323)
Citation 12

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

NBER Working Paper No. w6069
Number of pages: 32 Posted: 25 May 2006 Last Revised: 06 Oct 2010
Charles M. Engel, Michael K. Hendrickson and John H. Rogers
University of Wisconsin - Madison - Department of Economics, affiliation not provided to SSRN and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 22 (462,542)
Citation 12

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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 131 (189,163)
Citation 18

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Exchange rates, monetary policy, expenditure switching

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: 19 Jul 2009
National Bureau of Economic Research (NBER), University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 21 (468,347)
Citation 18

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

HKIMR Working Paper No. 08/2005
Number of pages: 31 Posted: 23 Aug 2007
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 16 (497,502)
Citation 18

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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 110 (216,157)
Citation 14

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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: 12 Oct 2010
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 31 (415,108)
Citation 14

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11.
Downloads 137 (181,862)
Citation 45

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 84 (259,850)
Citation 45

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Home bias, international portfolio choice

Portfolio Choice in a Monetary Open-Economy DSGE Model

NBER Working Paper No. w12214
Number of pages: 50 Posted: 25 May 2006 Last Revised: 24 Mar 2010
Charles M. Engel and Akito Matsumoto
University of Wisconsin - Madison - Department of Economics and International Monetary Fund (IMF)
Downloads 53 (335,068)
Citation 45

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12.

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 123 (196,864)
Citation 22

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13.

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
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 117 (205,657)
Citation 199

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14.

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 Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 115 (204,420)
Citation 10

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15.
Downloads 103 (225,472)
Citation 45

Expectations and Exchange Rate Policy

HKIMR Working Papers No. 6/2007
Number of pages: 31 Posted: 21 Aug 2007
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 45 (360,464)
Citation 45

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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
Downloads 30 (419,795)
Citation 45
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exchange rate, expectations, monetary policy

Expectations and Exchange Rate Policy

NBER Working Paper No. w12213
Number of pages: 34 Posted: 25 May 2006 Last Revised: 27 Jun 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 28 (429,518)
Citation 45

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16.

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 93 (213,772)
Citation 18

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Private investment, Foreign exchange, Commodity prices, Capital markets, Asset management, Economic models

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

HKIMR Working Paper No.27/2011
Number of pages: 65 Posted: 28 Sep 2011
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 55 (328,931)
Citation 6

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

NBER Working Paper No. w17116
Number of pages: 55 Posted: 12 Jun 2011
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 37 (389,775)
Citation 6

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18.

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
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 90 (217,995)
Citation 4

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

HKIMR Working Paper No. 04/2000
Number of pages: 33 Posted: 28 Aug 2007
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 56 (325,993)
Citation 153

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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: 02 Apr 2001
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 33 (406,325)
Citation 158

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20.

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

FRB International Finance Discussion Paper No. 777
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, Board of Governors of the Federal Reserve System - Trade and Financial Studies Section and Yale University - Department of Economics
Downloads 85 (246,688)
Citation 12

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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 2010
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 25 (445,423)
Citation 45

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22.

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 78 (236,500)
Citation 1

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open-economy Phillips curve, monetary policy, exchange rate policy

23.
Downloads 77 (271,396)
Citation 20

Does "Aggregation Bias" Explain the PPP Puzzle?

NBER Working Paper No. w10304
Number of pages: 37 Posted: 20 Apr 2004 Last Revised: 29 Aug 2010
Shiu‐Sheng Chen and Charles M. Engel
Department of Economics, National Taiwan University and University of Wisconsin - Madison - Department of Economics
Downloads 50 (344,409)
Citation 20

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Does 'Aggregation Bias' Explain the PPP Puzzle?

Pacific Economic Review, Vol. 10, No. 1, pp. 49-72, February 2005
Number of pages: 24 Posted: 14 Mar 2005
Shiu‐Sheng Chen and Charles M. Engel
Department of Economics, National Taiwan University and University of Wisconsin - Madison - Department of Economics
Downloads 27 (434,585)
Citation 20
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Endogenous Exchange Rate Pass-Through when Nominal Prices are Set in Advance

HKIMR Working Paper No. 21/2002
Number of pages: 34 Posted: 28 Aug 2007
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 34 (402,048)
Citation 37

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

CEPR Discussion Paper No. 3608
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
Downloads 21 (468,347)
Citation 43
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Exchange rate pass-through, sticky prices, monetary policy

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
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 21 (468,347)
Citation 43

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25.

Can the Markov Switching Model Forecast Exchange Rates?

NBER Working Paper No. w4210
Number of pages: 46 Posted: 27 Apr 2000
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 68 (279,904)
Citation 38

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26.

Real Exchange Rates and Relative Prices: An Empirical Investigation

NBER Working Paper No. w4231
Number of pages: 24 Posted: 11 Jul 2007 Last Revised: 26 Jul 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 66 (295,749)
Citation 74

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27.

A Test of International CAPM

NBER Working Paper No. w2054
Number of pages: 25 Posted: 28 Dec 2006
Charles M. Engel and Anthony P. Rodrigues
University of Wisconsin - Madison - Department of Economics and Federal Reserve Bank of New York
Downloads 61 (308,087)
Citation 2

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28.
Downloads 60 (310,675)

How Wide is the Border?

NBER Working Paper No. w4829
Number of pages: 43 Posted: 06 Sep 2000 Last Revised: 17 Sep 2010
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 60 (314,873)
Citation 223

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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 Board of Governors of the Federal Reserve System - Trade and Financial Studies Section

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29.

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 55 (302,984)
Citation 3

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Asset prices, Bonds, Consumer goods, Domestic investment, Economic models, Exchange rates, Financial risk, Flexible pricing policy, Foreign exchange, Hedge funds, Price elasticity, Prices, Private investment, Stock prices

30.

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 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 51 (335,792)
Citation 3

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31.

Relative Price Volatility: What Role Does the Border Play

International Finance Discussion Paper No. 623
Number of pages: 31 Posted: 10 Dec 1998
John H. Rogers and Charles M. Engel
Board of Governors of the Federal Reserve System - Trade and Financial Studies Section and University of Wisconsin - Madison - Department of Economics
Downloads 51 (315,842)
Citation 10

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32.

On the Relationship between Pass-Through and Sticky Nominal Prices

HKIMR Working Paper No. 11/2004
Number of pages: 19 Posted: 23 Aug 2007
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 50 (324,078)
Citation 5

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33.

Taylor Rules and the Deutschmark-Dollar Real Exchange Rate

NBER Working Paper No. w10995
Number of pages: 29 Posted: 19 Jan 2005 Last Revised: 19 Jul 2010
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 48 (344,824)
Citation 34

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34.

Some New Variance Bounds for Asset Prices

NBER Working Paper No. w10981
Number of pages: 14 Posted: 21 Dec 2004
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 48 (338,747)
Citation 1

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35.

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 45 (313,222)

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Capital flows, inflation targeting, financial stability, monetary policy, macroprudential policies, exchange rates, foreign reserves, BIS, LACEA

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

NBER Working Paper No. w7382
Number of pages: 63 Posted: 30 Dec 1999
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 29 (424,611)
Citation 46

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

International Economic Review, Vol. 44, No. 1, pp. 223-242, February 2003
Number of pages: 20 Posted: 18 May 2003
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 16 (497,502)
Citation 40
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37.

Currency Unions and International Integration

NBER Working Paper No. w7872
Number of pages: 40 Posted: 06 Feb 2001
Andrew Kenan Rose and Charles M. Engel
University of California - Haas School of Business and University of Wisconsin - Madison - Department of Economics
Downloads 43 (344,824)
Citation 81

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38.

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

NBER Working Paper No. w8858
Number of pages: 43 Posted: 28 Mar 2002
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 40 (357,214)
Citation 70

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39.

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: 03 Jan 2002
Charles M. Engel and Jeffrey A. Frankel
University of Wisconsin - Madison - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 40 (357,214)
Citation 8

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40.

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 2010
Charles M. Engel and James D. Hamilton
University of Wisconsin - Madison - Department of Economics and University of California at San Diego
Downloads 39 (353,980)
Citation 116

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41.

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: 18 Jan 2002
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 39 (363,924)
Citation 23

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42.

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 2010
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 38 (377,788)
Citation 11

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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 Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 32 (410,640)
Citation 3

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Consumption Euler equation, survey data, international capital mobility

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

IMF Staff Papers, Vol. 56, Issue 3, pp. 543-573, 2009
Number of pages: 31 Posted: 20 Oct 2010
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 1 (591,653)
Citation 3
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44.

Tests of International CAPM with Time-Varying Covariances

NBER Working Paper No. w2303
Number of pages: 55 Posted: 18 Aug 2004 Last Revised: 12 Sep 2008
Charles M. Engel and Anthony P. Rodrigues
University of Wisconsin - Madison - Department of Economics and Federal Reserve Bank of New York
Downloads 32 (381,467)
Citation 14

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45.

Endogenous Currency of Price Setting in a Dynamic Open Economy Model

NBER Working Paper No. w8559
Number of pages: 36 Posted: 25 Oct 2001
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 31 (385,232)
Citation 24

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46.

The Adjustment of Prices and the Adjustment of the Exchange Rate

NBER Working Paper No. w8550
Number of pages: 44 Posted: 18 Oct 2001
Charles M. Engel and James Morley
University of Wisconsin - Madison - Department of Economics and University of Sydney
Downloads 31 (392,884)
Citation 12

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Real Exchange Rates and Sectoral Productivity in the Eurozone

NBER Working Paper No. w20510
Number of pages: 69 Posted: 22 Sep 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 15 (503,435)

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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 15 (503,435)

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Balassa-Samuelson, Real Exchange Rates, Eurozone, Total Factor Productivity, Unit Labor Cost

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
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Balassa-Samuelson, Eurozone, Real Exchange Rates, Total Factor Productivity, Unit Labor Cost

48.

Tariffs, Saving and the Current Account

NBER Working Paper No. w1869
Number of pages: 38 Posted: 05 Jul 2004 Last Revised: 12 Aug 2010
Charles M. Engel and Kenneth M. Kletzer
University of Wisconsin - Madison - Department of Economics and University of California at Santa Cruz
Downloads 30 (409,250)
Citation 2

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49.

Currency Misalignments and Optimal Monetary Policy: A Reexamination

NBER Working Paper No. w14829
Number of pages: 47 Posted: 06 Apr 2009
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 27 (409,250)
Citation 10

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50.

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 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 27 (422,795)
Citation 18

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51.

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: 30 Sep 2010
University of Wisconsin - Madison - Department of Economics, Harvard University - Harvard Kennedy School (HKS), National Bureau of Economic Research (NBER) and Federal Reserve Bank of New York
Downloads 26 (409,250)
Citation 2

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52.

A Model of Foreign Exchange Rate Indetermination

NBER Working Paper No. w5766
Number of pages: 24 Posted: 30 Jan 1997 Last Revised: 07 May 2000
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
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Citation 2

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53.

Exchange Rates, Interest Rates, and the Risk Premium

NBER Working Paper No. w21042
Number of pages: 66 Posted: 23 Mar 2015
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
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Citation 5
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54.

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: 25 Mar 2008
Charles M. Engel and Jian Wang
University of Wisconsin - Madison - Department of Economics and Federal Reserve Bank of Dallas
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Citation 19

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55.

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: 08 Jan 2009
Jeffrey A. Frankel and Charles M. Engel
Harvard University - Harvard Kennedy School (HKS) and University of Wisconsin - Madison - Department of Economics
Downloads 25 (400,851)
Citation 31

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56.

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: 02 Aug 2008
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 25 (418,157)
Citation 21

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57.

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
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 23 (442,784)
Citation 11

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58.

International Borrowing to Finance Investment

NBER Working Paper No. w1865
Number of pages: 44 Posted: 28 May 2004 Last Revised: 08 Aug 2010
Charles M. Engel and Kenneth M. Kletzer
University of Wisconsin - Madison - Department of Economics and University of California at Santa Cruz
Downloads 22 (447,952)

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59.

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
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 22 (427,652)
Citation 22

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60.

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

NBER Working Paper No. w2141
Number of pages: 26 Posted: 15 Mar 2007
Charles M. Engel and Kenneth M. Kletzer
University of Wisconsin - Madison - Department of Economics and University of California at Santa Cruz
Downloads 21 (437,589)
Citation 6

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61.

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: 15 Dec 2008
University of Wisconsin - Madison - Department of Economics, Harvard University - Harvard Kennedy School (HKS), National Bureau of Economic Research (NBER) and Federal Reserve Bank of New York
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Citation 5

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62.

The Distribution of Exchange Rates in the EMS

NBER Working Paper No. w4834
Number of pages: 36 Posted: 24 Nov 2000
Charles M. Engel and Craig S. Hakkio
University of Wisconsin - Madison - Department of Economics and Federal Reserve Bank of Kansas City
Downloads 21 (432,544)
Citation 14

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63.

Expenditure Switching and Exchange Rate Policy

NBER Working Paper No. w9016
Number of pages: 64 Posted: 21 Jun 2002 Last Revised: 28 Oct 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 20 (442,784)
Citation 36

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64.

Exchange Rates and Interest Parity

NBER Working Paper No. w19336
Number of pages: 77 Posted: 17 Aug 2013
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 18 (409,250)
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65.

Exchange Rate Models are Not as Bad as You Think

NBER Working Paper No. w13318
Number of pages: 61 Posted: 23 May 2012
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
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Citation 59

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66.

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 16 (458,491)
Citation 15

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Real exchange rates, Eurozone

67.

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
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 16 (453,173)

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68.

The Responsiveness of Consumer Prices to Exchange Rates: A Synthesis of Some New Open Economy Macro Models

The Manchester School, Vol. 70, pp. 1-15, 2002
Number of pages: 15 Posted: 13 May 2003
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
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Citation 9
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69.

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 2010
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 15 (463,798)
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70.

Tariffs and Saving in a Model with New Families

NBER Working Paper No. w2521
Number of pages: 38 Posted: 05 Jul 2004
Charles M. Engel and Kenneth M. Kletzer
University of Wisconsin - Madison - Department of Economics and University of California at Santa Cruz
Downloads 14 (474,240)
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71.

European Product Market Integration after the Euro

Economic Policy, Vol. 19, No. 39, pp. 347-384, July 2004
Number of pages: 37 Posted: 11 Jul 2004
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 13 (494,995)
Citation 44
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72.

Trade Policy Under Endogenous Credibility

NBER Working Paper No. w2449
Number of pages: 26 Posted: 06 Apr 2007 Last Revised: 12 Sep 2010
Charles M. Engel and Kenneth M. Kletzer
University of Wisconsin - Madison - Department of Economics and University of California at Santa Cruz
Downloads 12 (484,597)
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73.

Factor Model Forecasts of Exchange Rates

NBER Working Paper No. w18382
Number of pages: 33 Posted: 15 Sep 2012
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 8 (469,008)
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74.

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
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
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75.

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
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System - Trade and Financial Studies Section
Downloads 6 (515,528)
Citation 22

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76.

International Coordination of Central Bank Policy

NBER Working Paper No. w20952
Number of pages: 23 Posted: 16 Feb 2015
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
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77.

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

NBER Working Paper No. w24059
Number of pages: 33 Posted: 28 Nov 2017
University of Wisconsin - Madison - Department of Economics, University of Wisconsin - Madison - Department of Economics, University of Wisconsin - Madison - Department of Economics, University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
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78.

Policy Cooperation, Incomplete Markets, and Risk Sharing

IMF Economic Review, Vol. 64, Issue 1, 2016
Number of pages: 31 Posted: 10 Aug 2016
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
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F41, F33, E52

79.

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

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80.

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

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