Charles M. Engel

University of Wisconsin - Madison - Department of Economics

1180 Observatory Drive

Madison, WI 53706

United States

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

SCHOLARLY PAPERS

84

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8,197

SSRN CITATIONS
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Top 226

in Total Papers Citations

608

CROSSREF CITATIONS

2,703

Scholarly Papers (84)

1.

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 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, 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
Downloads 1,087 (24,201)
Citation 1

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2.
Downloads 698 ( 44,872)
Citation 218

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 605 (53,503)
Citation 2

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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 Last Revised: 21 Apr 2021
Charles M. Engel and Kenneth D. West
University of Wisconsin - Madison - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 93 (336,150)
Citation 31

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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

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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 464 (74,577)
Citation 9

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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 120 (282,010)

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4.
Downloads 420 ( 84,762)
Citation 54

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 406 (87,434)
Citation 4

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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 14 (688,234)
Citation 2

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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 Board of Governors of the Federal Reserve System
Downloads 331 (111,178)
Citation 14

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exchange rates, borders, integration

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 261 (142,175)

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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 Dept. of Economics, University of Washington
Downloads 30 (571,878)

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7.
Downloads 258 (144,427)
Citation 50

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 211 (175,034)
Citation 50

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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: 29 Mar 2021
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 47 (484,450)

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Accounting for U.S. Real Exchange Rate Changes

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

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
Downloads 171 (211,816)
Citation 4

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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
Downloads 29 (578,149)

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9.

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 178 (204,418)

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consumption correlation puzzle; excess volatility, exchange rate disconnect, exchange rate regime, real exchange rate, purchasing power parity, uncovered interest rate parity

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 135 (258,055)
Citation 1

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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 May 2021
National Bureau of Economic Research (NBER), University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 23 (619,430)
Citation 2

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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 18 (656,823)
Citation 3

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11.
Downloads 158 (226,333)
Citation 5

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 96 (329,165)

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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: 17 May 2021
Charles M. Engel and Akito Matsumoto
University of Wisconsin - Madison - Department of Economics and International Monetary Fund (IMF)
Downloads 62 (425,368)

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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 116 (289,009)
Citation 2

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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: 08 Feb 2021
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 36 (537,671)
Citation 1

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13.

Comments on Obstfeld and Rogoff&Apos;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: 14 May 2021
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 142 (246,994)
Citation 3

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14.

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: 24 Sep 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 142 (246,994)
Citation 18

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15.

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
Downloads 132 (261,543)
Citation 2

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16.

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 129 (266,059)
Citation 2

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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 128 (267,582)

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

18.
Downloads 120 (280,739)

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 51 (467,413)

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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 39 (522,138)

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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 (571,878)
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exchange rate, expectations, monetary policy

19.

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 117 (285,888)
Citation 9

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

20.

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, Board of Governors of the Federal Reserve System and Yale University - Department of Economics
Downloads 107 (304,284)
Citation 14

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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 62 (425,368)
Citation 2

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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: 13 Jun 2021
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 (493,402)
Citation 33

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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 61 (428,935)
Citation 2

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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 Last Revised: 09 Apr 2021
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 42 (507,438)

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23.
Downloads 93 (333,575)
Citation 11

How Wide is the Border?

NBER Working Paper No. w4829
Number of pages: 43 Posted: 06 Sep 2000 Last Revised: 14 Mar 2021
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 93 (336,150)
Citation 11

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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

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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: 28 Jan 2021
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System
Downloads 30 (571,878)
Citation 4

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25.
Downloads 84 (355,065)
Citation 20

Does "Aggregation Bias" Explain the PPP Puzzle?

NBER Working Paper No. w10304
Number of pages: 37 Posted: 20 Apr 2004 Last Revised: 27 Feb 2021
Shiu‐Sheng Chen and Charles M. Engel
Department of Economics, National Taiwan University and University of Wisconsin - Madison - Department of Economics
Downloads 57 (443,856)
Citation 2

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Does 'Aggregation Bias' Explain the PPP Puzzle?

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 (591,217)
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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 38 (527,215)
Citation 1

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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: 29 Jan 2021
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 24 (612,215)
Citation 14

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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
Downloads 21 (634,104)
Citation 7
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Exchange rate pass-through, sticky prices, monetary policy

27.

Can the Markov Switching Model Forecast Exchange Rates?

NBER Working Paper No. w4210
Number of pages: 46 Posted: 27 Apr 2000 Last Revised: 19 Jul 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 80 (365,581)
Citation 2

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28.

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 79 (368,285)
Citation 1

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consumption correlation puzzle, excess volatility, exchange rate disconnect, exchange rate regime, real exchange rate, purchasing power parity, uncovered interest rate parity

29.

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 79 (368,285)
Citation 3

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30.

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 76 (376,502)

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

31.

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 76 (376,502)

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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

32.

A Test of International CAPM

NBER Working Paper No. w2054
Number of pages: 25 Posted: 28 Dec 2006 Last Revised: 12 Feb 2021
Charles M. Engel and Anthony P. Rodrigues
University of Wisconsin - Madison - Department of Economics and Federal Reserve Bank of New York
Downloads 69 (397,119)

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33.

Relative Price Volatility: What Role Does the Border Play

Number of pages: 31 Posted: 10 Dec 1998
John H. Rogers and Charles M. Engel
Board of Governors of the Federal Reserve System and University of Wisconsin - Madison - Department of Economics
Downloads 66 (406,526)
Citation 2

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34.

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 62 (419,629)
Citation 5

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35.

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 56 (440,836)

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36.

Currency Unions and International Integration

NBER Working Paper No. w7872
Number of pages: 40 Posted: 06 Feb 2001 Last Revised: 04 Jan 2021
Andrew Kenan Rose and Charles M. Engel
University of California - Haas School of Business and University of Wisconsin - Madison - Department of Economics
Downloads 54 (448,220)
Citation 7

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37.

Some New Variance Bounds for Asset Prices

NBER Working Paper No. w10981
Number of pages: 14 Posted: 21 Dec 2004 Last Revised: 05 Jul 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 53 (451,994)
Citation 1

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38.

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: 25 Feb 2021
Charles M. Engel and James D. Hamilton
University of Wisconsin - Madison - Department of Economics and University of California at San Diego
Downloads 52 (455,729)
Citation 15

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39.

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 51 (459,569)
Citation 7

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40.

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: 17 Mar 2021
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 50 (463,643)
Citation 6

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41.

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
Downloads 49 (467,610)
Citation 44

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42.

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: 16 May 2021
Charles M. Engel and Jeffrey A. Frankel
University of Wisconsin - Madison - Department of Economics and Harvard University - Harvard Kennedy School (HKS)
Downloads 49 (467,610)
Citation 5

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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: 05 Mar 2021
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 32 (559,980)
Citation 1

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

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 (672,227)
Citation 8
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44.

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 46 (479,899)

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45.

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 44 (488,511)
Citation 18

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46.

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 44 (488,511)

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47.

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 41 (501,872)
Citation 1

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48.

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: 23 May 2021
Michael B. Devereux and Charles M. Engel
University of British Columbia (UBC) - Department of Economics and University of Wisconsin - Madison - Department of Economics
Downloads 41 (501,872)

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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 22 (626,786)

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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

NBER Working Paper No. w20510
Number of pages: 69 Posted: 22 Sep 2014 Last Revised: 11 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 18 (656,823)

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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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Citation 4
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Balassa-Samuelson, Eurozone, Real Exchange Rates, Total Factor Productivity, Unit Labor Cost

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

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50.

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 The Chinese University of Hong Kong, Shenzhen
Downloads 39 (511,075)
Citation 8

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51.

Factor Model Forecasts of Exchange Rates

NBER Working Paper No. w18382
Number of pages: 33 Posted: 15 Sep 2012 Last Revised: 25 Mar 2021
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 38 (515,800)
Citation 4

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52.

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: 14 May 2021
Charles M. Engel and James Morley
University of Wisconsin - Madison - Department of Economics and University of Sydney - School of Economics
Downloads 38 (515,800)

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53.

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
Downloads 37 (520,591)
Citation 4

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Consumption Euler equation, survey data, international capital mobility

54.

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 May 2021
Jeffrey A. Frankel and Charles M. Engel
Harvard University - Harvard Kennedy School (HKS) and University of Wisconsin - Madison - Department of Economics
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Citation 3

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55.

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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56.

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 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 35 (530,644)
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57.

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
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Real exchange rates, Eurozone

58.

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
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59.

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
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60.

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: 28 Mar 2021
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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61.

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: 25 Apr 2021
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
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62.

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
Downloads 31 (551,586)

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63.

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
Downloads 30 (557,175)

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64.

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 28 (568,797)

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65.

The Distribution of Exchange Rates in the EMS

NBER Working Paper No. w4834
Number of pages: 36 Posted: 24 Nov 2000 Last Revised: 19 Mar 2021
Charles M. Engel and Craig S. Hakkio
University of Wisconsin - Madison - Department of Economics and Federal Reserve Bank of Kansas City
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66.

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: 09 May 2021
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 27 (574,894)

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67.

International Borrowing to Finance Investment

NBER Working Paper No. w1865
Number of pages: 44 Posted: 28 May 2004 Last Revised: 06 Feb 2021
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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68.

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: 19 Oct 2010
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
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69.

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: 06 Feb 2021
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
Downloads 26 (581,180)
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70.

Expenditure Switching and Exchange Rate Policy

NBER Working Paper No. w9016
Number of pages: 64 Posted: 21 Jun 2002 Last Revised: 20 Feb 2021
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 26 (581,180)
Citation 4

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71.

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
Downloads 24 (594,110)
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72.

Relative Returns on Equities in Pacific Basin Countries

NBER Working Paper No. w4655
Number of pages: 31 Posted: 12 Jul 2000 Last Revised: 22 Mar 2021
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System
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73.

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 21 (614,091)

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74.

Trade Policy Under Endogenous Credibility

NBER Working Paper No. w2449
Number of pages: 26 Posted: 06 Apr 2007 Last Revised: 13 Mar 2021
Charles M. Engel and Kenneth M. Kletzer
University of Wisconsin - Madison - Department of Economics and University of California at Santa Cruz
Downloads 20 (620,914)

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75.

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

Number of pages: 15 Posted: 13 May 2003
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 16 (648,777)
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Liquidity and Exchange Rates: An Empirical Investigation

NBER Working Paper No. w25397
Number of pages: 67 Posted: 26 Dec 2018 Last Revised: 24 May 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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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 7
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77.

Debauchery and Original Sin: The Currency Composition of Sovereign Debt

NBER Working Paper No. w24671
Number of pages: 63 Posted: 04 Jun 2018
Charles M. Engel and Jungjae Park
University of Wisconsin - Madison - Department of Economics and National University of Singapore (NUS) - Department of Economics
Downloads 12 (678,417)
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78.

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
Downloads 11 (685,965)
Citation 16

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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 2021
Charles M. Engel and John H. Rogers
University of Wisconsin - Madison - Department of Economics and Board of Governors of the Federal Reserve System
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80.

International Coordination of Central Bank Policy

NBER Working Paper No. w20952
Number of pages: 23 Posted: 16 Feb 2015 Last Revised: 02 Apr 2021
Charles M. Engel
University of Wisconsin - Madison - Department of Economics
Downloads 10 (693,581)
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Forecasting the U.S. Dollar in the 21st Century

NBER Working Paper No. w28447
Number of pages: 69 Posted: 08 Feb 2021 Last Revised: 25 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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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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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: 02 Jun 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, University of Wisconsin - Madison and University of Wisconsin - Parkside - University of Wisconsin
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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, University of Wisconsin - Madison and University of Wisconsin - Parkside - University of Wisconsin
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83.

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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84.

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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