Exchange Rates: Some Recent Papers

I’ve spent the last week at the NBER’s Summer Institute, attending sessions on International Finance and Macro, International Asset Pricing, and International Trade and Macro (among others)…Here are some interesting/provocative exchange rate papers I saw presented (if off the list, I might’ve missed the paper’s presentation). Other interesting papers in a near-future post.

Andrew Lilley, Harvard University
Matteo Maggiori, Harvard University and NBER
Brent Neiman, University of Chicago and NBER
Jesse Schreger, Columbia University and NBER
Exchange Rate Reconnect
Discussant: Hélène Rey, London Business School and NBER

Sebnem Kalemli-Ozcan, University of Maryland and NBER
Liliana Varela, London School of Economics
Exchange Rate and Interest Rate Disconnect: The Role of Capital Flows and Risk Premia
Discussant: Adrien Verdelhan, Massachusetts Institute of Technology and NBER

Zhengyang Jiang, Northwestern University
Hanno Lustig, Stanford University and NBER
Arvind Krishnamurthy, Stanford University and NBER
Dollar Safety and the Global Financial Cycle
Discussant: Pierre-Olivier Gourinchas, University of California at Berkeley and NBER

Mary Amiti, Federal Reserve Bank of New York
Oleg Itskhoki, Princeton University and NBER
Jozef Konings, University of Leuven
Dominant Currencies: How Firms Choose Currency Invoicing and Why it Matters
Discussant: Ariel Burstein, University of California at Los Angeles and NBER

Nelson Camanho, Queen Mary University of London
Harald Hau, University of Geneva
Hélène Rey, London Business School and NBER
Global Portfolio Rebalancing and Exchange Rates
Discussant: Katharina Bergant, Trinity College Dublin

Oleg Itskhoki, Princeton University and NBER
Dmitry Mukhin, Yale University
Mussa Puzzle Redux
Discussant: Stephanie Schmitt-Grohé, Columbia University and NBER

Mikhail Chernov, University of California at Los Angeles and NBER
Drew D. Creal, University of Notre Dame
The PPP View of Multihorizon Currency Risk Premiums
Discussant: Magnus Dahlquist, Stockholm School of Economics

Martin Evans, Georgetown University
FX Trading and the Exchange Rate Disconnect Puzzle
Discussant: Vincent Bogousslavsky, Boston College

From Macro, Money and Financial Frictions:

Urban Jermann, University of Pennsylvania and NBER
Bin Wei, Federal Reserve Bank of Atlanta
Vivian Yue, Emory University and NBER
The Two-Pillar Policy for the RMB
Discussant: Wenxin Du, University of Chicago and NBER




2 thoughts on “Exchange Rates: Some Recent Papers

  1. Barkley Rosser


    Martin Evans wrote the Palgrave entry on micro-founded exchange rate dynamics and emphasizes their some elements that show up in the paper here, especially the apparent importance of the order flow. What do you think of this approach? Is it sort of idiosyncratic and oversold by him, or is this really a promising approach in your view.

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