NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER Publications by Charles Engel

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

Books

Global Financial Crisis
with Kristin Forbes, Jeffrey Frankel
Conference held June 3-4, 2011
Published in November 2012 by Elsevier, Journal of International Economics 88(2)

Working Papers and Chapters

August 2013Exchange Rates and Interest Parity
w19336
September 2012Factor Model Forecasts of Exchange Rates
with Nelson C. Mark, Kenneth D. West: w18382
August 2011Comment on "Firm Heterogeneity, Endogenous Entry, and the Business Cycle"
in NBER International Seminar on Macroeconomics 2011, Jeffrey Frankel and Christopher Pissarides, organizers
July 2011Comment on "Risk, Monetary Policy and the Exchange Rate"
in NBER Macroeconomics Annual 2011, Volume 26, Daron Acemoglu and Michael Woodford, editors
June 2011The Real Exchange Rate, Real Interest Rates, and the Risk Premium
w17116
April 2009Comment on "Real Variables, Nonlinearity, and European Real Exchange Rates"
in NBER International Seminar on Macroeconomics 2008, Jeffrey Frankel and Christopher Pissarides, organizers
Currency Misalignments and Optimal Monetary Policy: A Reexamination
w14829

Published: Charles Engel, 2011. "Currency Misalignments and Optimal Monetary Policy: A Reexamination," American Economic Review, American Economic Association, vol. 101(6), pages 2796-2822, October. citation courtesy of

June 2008Exchange Rate Models Are Not As Bad As You Think
with Nelson C. Mark, Kenneth D. West
in NBER Macroeconomics Annual 2007, Volume 22, Daron Acemoglu, Kenneth Rogoff and Michael Woodford, editors
February 2008International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
with Jian Wang: w13814

Published: Engel, Charles & Wang, Jian, 2011. "International trade in durable goods: Understanding volatility, cyclicality, and elasticities," Journal of International Economics, Elsevier, vol. 83(1), pages 37-52, January. citation courtesy of

August 2007Exchange Rate Models Are Not as Bad as You Think
with Nelson C. Mark, Kenneth D. West: w13318

Published: Exchange Rate Models Are Not As Bad As You Think, Charles Engel, Nelson C. Mark, Kenneth D. West. in NBER Macroeconomics Annual 2007, Volume 22, Acemoglu, Rogoff, and Woodford. 2008

May 2006Expectations and Exchange Rate Policy
with Michael B. Devereux: w12213
Portfolio Choice in a Monetary Open-Economy DSGE Model
with Akito Matsumoto: w12214
Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange Rate Policy
with Michael B. Devereux: w12215

Published: Devereux, Michael B. and Charles Engel. “Expenditure Switching vs. Real Exchange Rate Stabilization: Competing Objectives for Exchange-Rate Policy.” Journal of Monetary Economics 54 (2007): 2346-2374.

January 2006The U.S. Current Account Deficit and the Expected Share of World Output
with John H. Rogers: w11921

Published:

June 2005Comment on "Trade Invoicing in the Accession Countries: Are They Suited to the Euro?"
in NBER International Seminar on Macroeconomics 2005, Jeffrey Frankel and Christopher Pissarides, editors
March 2005Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing
w11209

Published: Charles Engel, 2006. "Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing," Journal of the European Economic Association, MIT Press, vol. 4(6), pages 1249-1260, December. citation courtesy of

December 2004Taylor Rules and the Deutschmark-Dollar Real Exchange Rate
with Kenneth D. West: w10995

Published: Engel, Charles & West, Kenneth D., 2006. "Taylor Rules and the Deutschmark: Dollar Real Exchange Rate," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 38(5), pages 1175-1194, August. citation courtesy of

Some New Variance Bounds for Asset Prices
w10981

Published: Engel, Charles, 2005. "Some New Variance Bounds for Asset Prices," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 37(5), pages 949-55, October. citation courtesy of

August 2004Exchange Rates and Fundamentals
with Kenneth D. West: w10723

Published:

February 2004Does "Aggregation Bias" Explain the PPP Puzzle?
with Shiu-Sheng Chen: w10304

Published: Chen, Shiu-Sheng and Charles Engel. "Does' Aggregation Bias' Explain The PPP Puzzle?," Pacific Economic Review, 2005, v10(1,Feb), 49-72. citation courtesy of

Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One
with Kenneth D. West: w10267

Published: Engel, Charles and Kenneth D. West. "Accounting For Exchange-Rate Variability In Present-Value Models When Discount Factor Is Nearly 1," American Economic Review, 2004, v94(2,May), 119-125.

March 2003Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance
with Michael B. Devereux, Peter E. Storgaard: w9543

Published: Devereux, Michael B. & Engel, Charles & Storgaard, Peter E., 2004. "Endogenous exchange rate pass-through when nominal prices are set in advance," Journal of International Economics, Elsevier, vol. 63(2), pages 263-291, July. citation courtesy of

January 2003Expenditure Switching and Exchange-Rate Policy
in NBER Macroeconomics Annual 2002, Volume 17, Mark Gertler and Kenneth Rogoff, editors
June 2002Expenditure Switching and Exchange Rate Policy
w9016

Published: Expenditure Switching and Exchange-Rate Policy, Charles Engel. in NBER Macroeconomics Annual 2002, Volume 17, Gertler and Rogoff. 2003

March 2002Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect
with Michael B. Devereux: w8858

Published: Devereux, Michael B. and Charles Engel. "Exchange Rate Pass-Through, Exchange Rate Volatility, And Exchange Rate Disconnect," Journal of Monetary Economics, 2002, v49(5,Jul), 913-940. citation courtesy of

January 2002The Responsiveness of Consumer Prices to Exchange Rates And the Implications for Exchange-Rate Policy: A Survey Of a Few Recent New Open-Economy...
w8725

Published: Engel, Charles, 2002. "The Responsiveness of Consumer Prices to Exchange Rates: A Synthesis of Some New Open Economy Macro Models," Manchester School, University of Manchester, vol. 70(0), pages 1-15, Supplemen.

October 2001The Adjustment of Prices and the Adjustment of the Exchange Rate
with James C. Morley: w8550
Endogenous Currency of Price Setting in a Dynamic Open Economy Model
with Michael B. Devereux: w8559
January 2001The Optimal Choice of Exchange Rate Regime: Price-Setting Rules and Internationalized Production
with Michael B. Devereux
in Topics in Empirical International Economics: A Festschrift in Honor of Robert E. Lipsey, Magnus Blomstrom and Linda S. Goldberg, editors
September 2000Currency Unions and International Integration
with Andrew K. Rose: w7872

Published: Rose, Andrew K & Engel, Charles, 2002. "Currency Unions and International Integration," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 34(4), pages 1067-89, November. citation courtesy of

Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
w7889

Published:

July 2000Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
w7818
April 2000Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility
with Michael B. Devereux: w7665

Published: Devereux, Michael B. and Charles Engel. "Monetary Policy In The Open Economy Revisited: Price Setting And Exchange-Rate Flexibility," Review of Economic Studies, 2003, v70(4,Oct), 765-783. citation courtesy of

October 1999Exchange Rate Pass-Through and the Welfare Effects of the Euro
with Michael B. Devereux, Cedric Tille: w7382

Published: Devereux, Michael B., Charles Engel and Cedric Tille. "Exchange Rate Pass-Through And The Welfare Effects Of The Euro," International Economic Review, 2003, v44(1,Feb), 223-242. citation courtesy of

July 1999Violating the Law of One Price: Should We Make a Federal Case Out of It?
with John H. Rogers: w7242

Published: Engel, Charles & Rogers, John H, 2001. "Violating the Law of One Price: Should We Make a Federal Case Out of It?," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 33(1), pages 1-15, February. citation courtesy of

April 1999On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models
w7067

Published:

March 1999The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production
with Michael B. Devereux: w6992

Published:

December 1998Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime
with Michael B. Devereux: w6867
January 1998Regional Patterns in the Law of One Price: The Roles of Geography versus Currencies
with John Rogers
in The Regionalization of the World Economy, Jeffrey A. Frankel, editor
June 1997Intra-National, Intra-Continental, and Intra-Planetary PPP
with Michael K. Hendrickson, John H. Rogers: w6069

Published: Journal of the Japanese and International Economics, Vol. 11 (1997): 480- 501.

September 1996A Model of Foreign Exchange Rate Indetermination
w5766
The Long-Run U.S./U.K. Real Exchange Rate
with Chang-Jin Kim: w5777

Published:

July 1996Long-Run PPP May Not Hold After All
w5646

Published: Engel, Charles. "Long-Run PPP May Not Hold After All," Journal of International Economics, 2000, v51(2,Aug), 243-273. citation courtesy of

December 1995Accounting for U.S. Real Exchange Rate Changes
w5394

Published: Journal of Political Economy, Vol. 107, no.3 (June 1999): 507-538. citation courtesy of

Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies
with John H. Rogers: w5395

Published:

October 1995The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence
w5312

Published: Journal of Empirical Finance, vol. 3, pp. 123-192, 1996. citation courtesy of

August 1994How Wide is the Border?
with John H. Rogers: w4829

Published: American Economic Review, Vol. 86, (December 1996), pp.1112-1125 citation courtesy of

The Distribution of Exchange Rates in the EMS
with Craig S. Hakkio: w4834

Published: International Journal of Finance and Economics, Vol. 1, pp. 55-67. 1996. citation courtesy of

February 1994Relative Returns on Equities in Pacific Basin Countries
with John H. Rogers: w4655

Published:

  • Charles Engel & John H. Rogers, 1992. "Relative returns on equities in Pacific Basin countries," Proceedings, Federal Reserve Bank of San Francisco, pages 48-67. citation courtesy of
  • Exchange Rate Policy and Interdependence: Perspectives from the Pacific Basin, Reuben Glick and Michal M. Hutchinson, eds. Cambridge University Press , 1994.

January 1994Tests of CAPM on an International Portfolio of Bonds and Stocks
in The Internationalization of Equity Markets , Jeffrey A. Frankel, editor
December 1993Tests of CAPM on an International Portfolio of Bonds and Stocks
w4598

Published:

March 1993The Constrained Asset Share Estimation (CASE) Method: Testing Mean-Variance Efficiency of the U.S. Stock Market
with Jeffrey A. Frankel, Kenneth A. Froot, Anthony P. Rodrigues: w4294

Published: revised as: "Tests of Conditional Mean-Variance Efficiency of the US Stock Market," Journal of Empirical Finance, vol 2, March 1995.

December 1992Real Exchange Rates and Relative Prices: An Empirical Investigation
w4231

Published: Journal of Monetary Economics, Vol. 32, (August 1993), p. 35-50 citation courtesy of

November 1992Can the Markov Switching Model Forecast Exchange Rates?
w4210

Published: Journal of International Economics. vol. 36, pp. 151-165. 1994 citation courtesy of

November 1989Long Swings in the Exchange Rate: Are they in the Data and Do Markets Know It?
with James D. Hamilton: w3165

Published: "Long Swings in the Dollar: Are they in the Data and Do Markets Know It?" American Economic Review, Volume 80, September 1990, 689-713

March 1989Conditional Mean-Variance Efficiency of the U.S. Stock Market
with Jeffrey A. Frankel, Kenneth A. Froot, Anthony P. Rodrigues: w2890

Published: "Tests of Conditional Mean-Variance Efficiency of the US Stock Market," Journal of Emprirical Financial, March 2, 1995 (revised)

February 1988Tariffs and Saving in a Model with New Families
with Kenneth Kletzer: w2521

Published: "Tariffs and Saving in a Model With New Generations", Journal of International Economics, Volume 28, Feb. 1990, 71-79

November 1987Trade Policy under Endogenous Credibility
with Kenneth Kletzer: w2449

Published: Journal of Development Economics Volume 36, October 1991, 213-228 citation courtesy of

July 1987Tests of International CAPM with Time-Varying Covariances
with Anthony P. Rodrigues: w2303

Published: Journal of Applied Econometrics, Volume 4, April-June 1989, 119-138 citation courtesy of

1987The Real Effects of Foreign Inflation in the Presence of Currency Substitution
w2140

Published: Journal of International Money and Finance, Volume 8, March 1989 "The Trade Balance and the Real Exchange Rate under Currency Substitution pp. 47-58

Saving and Investment in an Open Economy with Non-Traded Goods
with Kenneth Kletzer: w2141

Published: International Economic Review, Volume 30, November 1989, pp. 735-752 citation courtesy of

October 1986A Test of International CAPM
with Anthony P. Rodrigues: w2054

Published: "Tests of Mean-Variance Efficiency of International Equity Markets" Oxford Economic Papers, vol 45, (July 1993) p. 403-421

March 1986International Borrowing to Finance Investment
with Kenneth M. Kletzer: w1865
Tariffs, Saving and the Current Account
with Kenneth Kletzer: w1869

Published: (With Robert P. Flood) Published as "Exchange Rate Dynamics, Sticky Prices,and the Current Account", Journal of Money, Credit and Banking, Vol. 17,no. 3 (1985): 312-327.

December 1982Why Money Announcements Move Interest Rates: An Answer from the Foreign Exchange Market
with Jeffrey A. Frankel: w1049

Published:

Do Asset-Demand Functions Optimize over the Mean and Variance of Real Returns? A Six-Currency Test
with Jeffrey A. Frankel: w1051

Published: Frankel, Jeffrey A. and Charles Engel. "Do Asset-Demand Functions Optimizeover the Mean and Variance of Real Returns? A Six-Currency Test." Journal of International Economics, Vol. 17, (December 1984), pp. 309-323. citation courtesy of

Contact and additional information for this authorAll NBER papers and publicationsNBER Working Papers onlyInformation about this author at RePEc

 
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