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Replication data for: Capital Flows and Foreign Exchange Intervention

Version
1
Resource Type
Dataset
Creator
  • Cavallino, Paolo
Publication Date
2018-12-30
Description
  • Abstract

    I consider a small open economy model where international financial markets are imperfect and the exchange rate is determined by capital flows. I use this framework to study the effects of portfolio flow shocks, derive the optimal foreign exchange intervention policy, and characterize its interaction with monetary policy. I derive the optimal intervention rule in closed form as a function of three implicit targets. Finally, using Swiss data, I estimate the model to quantify the inefficiencies generated by capital flow shocks and the optimal size of the intervention.
Availability
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Relations
  • Is supplemented by
    DOI: 10.1257/mac.20160065 (Text)
Publications
  • Cavallino, Paolo. “Capital Flows and Foreign Exchange Intervention.” American Economic Journal: Macroeconomics 11, no. 2 (April 2019): 127–70. https://doi.org/10.1257/mac.20160065.
    • ID: 10.1257/mac.20160065 (DOI)

Update Metadata: 2019-10-13 | Issue Number: 1 | Registration Date: 2019-10-13

Cavallino, Paolo (2018): Replication data for: Capital Flows and Foreign Exchange Intervention. Version: 1. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. http://doi.org/10.3886/E114134V1