NBER Working Papers by Charles Engel

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

Working Papers

August 2013Exchange Rates and Interest Parity
September 2012Factor Model Forecasts of Exchange Rates
with Nelson C. Mark, Kenneth D. West: w18382
June 2011The Real Exchange Rate, Real Interest Rates, and the Risk Premium
April 2009Currency Misalignments and Optimal Monetary Policy: A Reexamination
February 2008International Trade in Durable Goods: Understanding Volatility, Cyclicality, and Elasticities
with Jian Wang: w13814
August 2007Exchange Rate Models Are Not as Bad as You Think
with Nelson C. Mark, Kenneth D. West: w13318
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
January 2006The U.S. Current Account Deficit and the Expected Share of World Output
with John H. Rogers: w11921
March 2005Equivalence Results for Optimal Pass-Through, Optimal Indexing to Exchange Rates, and Optimal Choice of Currency for Export Pricing
December 2004Taylor Rules and the Deutschmark-Dollar Real Exchange Rate
with Kenneth D. West: w10995
Some New Variance Bounds for Asset Prices
August 2004Exchange Rates and Fundamentals
with Kenneth D. West: w10723
February 2004Does "Aggregation Bias" Explain the PPP Puzzle?
with Shiu-Sheng Chen: w10304
Accounting for Exchange Rate Variability in Present-Value Models When the Discount Factor is Near One
with Kenneth D. West: w10267
March 2003Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance
with Michael B. Devereux, Peter E. Storgaard: w9543
June 2002Expenditure Switching and Exchange Rate Policy
March 2002Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect
with Michael B. Devereux: w8858
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...
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
September 2000Currency Unions and International Integration
with Andrew K. Rose: w7872
Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
July 2000Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
April 2000Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility
with Michael B. Devereux: w7665
October 1999Exchange Rate Pass-Through and the Welfare Effects of the Euro
with Michael B. Devereux, Cedric Tille: w7382
July 1999Violating the Law of One Price: Should We Make a Federal Case Out of It?
with John H. Rogers: w7242
April 1999On the Foreign-Exchange Risk Premium in Sticky-Price General Equilibrium Models
March 1999The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production
with Michael B. Devereux: w6992
December 1998Fixed vs. Floating Exchange Rates: How Price Setting Affects the Optimal Choice of Exchange-Rate Regime
with Michael B. Devereux: w6867
June 1997Intra-National, Intra-Continental, and Intra-Planetary PPP
with Michael K. Hendrickson, John H. Rogers: w6069
September 1996A Model of Foreign Exchange Rate Indetermination
The Long-Run U.S./U.K. Real Exchange Rate
with Chang-Jin Kim: w5777
July 1996Long-Run PPP May Not Hold After All
December 1995Accounting for U.S. Real Exchange Rate Changes
Regional Patterns in the Law of One Price: The Roles of Geography vs. Currencies
with John H. Rogers: w5395
October 1995The Forward Discount Anomaly and the Risk Premium: A Survey of Recent Evidence
August 1994How Wide is the Border?
with John H. Rogers: w4829
The Distribution of Exchange Rates in the EMS
with Craig S. Hakkio: w4834
February 1994Relative Returns on Equities in Pacific Basin Countries
with John H. Rogers: w4655
December 1993Tests of CAPM on an International Portfolio of Bonds and Stocks
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
December 1992Real Exchange Rates and Relative Prices: An Empirical Investigation
November 1992Can the Markov Switching Model Forecast Exchange Rates?
November 1989Long Swings in the Exchange Rate: Are they in the Data and Do Markets Know It?
with James D. Hamilton: w3165
March 1989Conditional Mean-Variance Efficiency of the U.S. Stock Market
with Jeffrey A. Frankel, Kenneth A. Froot, Anthony P. Rodrigues: w2890
February 1988Tariffs and Saving in a Model with New Families
with Kenneth Kletzer: w2521
November 1987Trade Policy under Endogenous Credibility
with Kenneth Kletzer: w2449
July 1987Tests of International CAPM with Time-Varying Covariances
with Anthony P. Rodrigues: w2303
1987The Real Effects of Foreign Inflation in the Presence of Currency Substitution
Saving and Investment in an Open Economy with Non-Traded Goods
with Kenneth Kletzer: w2141
October 1986A Test of International CAPM
with Anthony P. Rodrigues: w2054
March 1986International Borrowing to Finance Investment
with Kenneth M. Kletzer: w1865
Tariffs, Saving and the Current Account
with Kenneth Kletzer: w1869
December 1982Why Money Announcements Move Interest Rates: An Answer from the Foreign Exchange Market
with Jeffrey A. Frankel: w1049
Do Asset-Demand Functions Optimize over the Mean and Variance of Real Returns? A Six-Currency Test
with Jeffrey A. Frankel: w1051

Contact and additional information for this authorAll papers and publicationsWorking Papers onlyWorking Papers with publication info

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