{"id":"https://openalex.org/W1585167366","doi":"https://doi.org/10.1016/j.jinteco.2021.103478","title":"Optimal exchange-rate policy under collateral constraints and wage rigidity","display_name":"Optimal exchange-rate policy under collateral constraints and wage rigidity","publication_year":2021,"publication_date":"2021-05-11","ids":{"openalex":"https://openalex.org/W1585167366","doi":"https://doi.org/10.1016/j.jinteco.2021.103478","mag":"1585167366"},"language":"en","primary_location":{"id":"doi:10.1016/j.jinteco.2021.103478","doi":"https://doi.org/10.1016/j.jinteco.2021.103478","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jinteco.2021.103478","pdf_url":null,"source":{"id":"https://openalex.org/S198098467","display_name":"Journal of International Economics","issn_l":"0022-1996","issn":["0022-1996","1873-0353"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Economics","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref","datacite"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.7916/d8gm8gsq","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5085744956","display_name":"Pablo Ottonello","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I1321305853","display_name":"National Bureau of Economic Research","ror":"https://ror.org/04grmx538","country_code":"US","type":"nonprofit","lineage":["https://openalex.org/I1321305853"]},{"id":"https://openalex.org/I27837315","display_name":"University of Michigan","ror":"https://ror.org/00jmfr291","country_code":"US","type":"education","lineage":["https://openalex.org/I27837315"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"Pablo Ottonello","raw_affiliation_strings":["Department of Economics, University of Michigan and NBER, United States of America","Department of Economics, University of Michigan, & NBER, United States of America"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Economics, University of Michigan and NBER, United States of America","institution_ids":["https://openalex.org/I1321305853","https://openalex.org/I27837315"]},{"raw_affiliation_string":"Department of Economics, University of Michigan, & NBER, United States of America","institution_ids":["https://openalex.org/I1321305853","https://openalex.org/I27837315"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5085744956"],"corresponding_institution_ids":["https://openalex.org/I1321305853","https://openalex.org/I27837315"],"apc_list":{"value":3280,"currency":"USD","value_usd":3280},"apc_paid":null,"fwci":6.2183,"has_fulltext":false,"cited_by_count":79,"citation_normalized_percentile":{"value":0.96661378,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":89,"max":99},"biblio":{"volume":"131","issue":null,"first_page":"103478","last_page":"103478"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.7993000149726868,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10503","display_name":"Global Financial Crisis and Policies","score":0.7993000149726868,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.19210000336170197,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11742","display_name":"Economic Theory and Policy","score":0.005499999970197678,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/currency-mismatch","display_name":"currency mismatch","score":0.7179999947547913},{"id":"https://openalex.org/keywords/collateral-constraints","display_name":"collateral constraints","score":0.9369999766349792},{"id":"https://openalex.org/keywords/wage-rigidity","display_name":"wage rigidity","score":0.8190000057220459},{"id":"https://openalex.org/keywords/financial-frictions","display_name":"financial frictions","score":0.7350000143051147},{"id":"https://openalex.org/keywords/debt-deflation","display_name":"debt deflation","score":0.7239999771118164},{"id":"https://openalex.org/keywords/currency-depreciation","display_name":"currency depreciation","score":0.7379999756813049},{"id":"https://openalex.org/keywords/fear-of-floating","display_name":"fear of floating","score":0.8510000109672546},{"id":"https://openalex.org/keywords/monetary-policy","display_name":"monetary policy","score":0.5699999928474426},{"id":"https://openalex.org/keywords/emerging-markets","display_name":"emerging markets","score":0.6919999718666077},{"id":"https://openalex.org/keywords/currency-crises","display_name":"currency crises","score":0.46299999952316284},{"id":"https://openalex.org/keywords/household-borrowing","display_name":"household borrowing","score":0.6949999928474426}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8786161541938782},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.6308867931365967},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6144269704818726},{"id":"https://openalex.org/C2777883944","wikidata":"https://www.wikidata.org/wiki/Q7543547","display_name":"Small open economy","level":3,"score":0.5962588787078857},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5598355531692505},{"id":"https://openalex.org/C95383336","wikidata":"https://www.wikidata.org/wiki/Q4198710","display_name":"Depreciation (economics)","level":5,"score":0.5589726567268372},{"id":"https://openalex.org/C141121606","wikidata":"https://www.wikidata.org/wiki/Q8142","display_name":"Currency","level":2,"score":0.5580939054489136},{"id":"https://openalex.org/C2777910564","wikidata":"https://www.wikidata.org/wiki/Q694563","display_name":"Collateral","level":2,"score":0.5487778782844543},{"id":"https://openalex.org/C86537402","wikidata":"https://www.wikidata.org/wiki/Q1108930","display_name":"Collateralized debt obligation","level":3,"score":0.5059356093406677},{"id":"https://openalex.org/C2778135664","wikidata":"https://www.wikidata.org/wiki/Q1929451","display_name":"Open economy","level":3,"score":0.4707983732223511},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.46659091114997864},{"id":"https://openalex.org/C8112001","wikidata":"https://www.wikidata.org/wiki/Q161081","display_name":"Deflation","level":3,"score":0.4485059976577759},{"id":"https://openalex.org/C2777388388","wikidata":"https://www.wikidata.org/wiki/Q6821213","display_name":"Wage","level":2,"score":0.4435618221759796},{"id":"https://openalex.org/C2778126366","wikidata":"https://www.wikidata.org/wiki/Q41171","display_name":"Unemployment","level":2,"score":0.42444902658462524},{"id":"https://openalex.org/C10688316","wikidata":"https://www.wikidata.org/wiki/Q936174","display_name":"New Keynesian economics","level":3,"score":0.41007229685783386},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.31079286336898804},{"id":"https://openalex.org/C145236788","wikidata":"https://www.wikidata.org/wiki/Q28161","display_name":"Labour economics","level":1,"score":0.1399390995502472},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.09218692779541016},{"id":"https://openalex.org/C2776943663","wikidata":"https://www.wikidata.org/wiki/Q165687","display_name":"Human capital","level":2,"score":0.0},{"id":"https://openalex.org/C50522688","wikidata":"https://www.wikidata.org/wiki/Q189833","display_name":"Economic growth","level":1,"score":0.0},{"id":"https://openalex.org/C44750222","wikidata":"https://www.wikidata.org/wiki/Q1897397","display_name":"Financial capital","level":3,"score":0.0},{"id":"https://openalex.org/C58202505","wikidata":"https://www.wikidata.org/wiki/Q5035700","display_name":"Capital formation","level":4,"score":0.0}],"mesh":[],"locations_count":3,"locations":[{"id":"doi:10.1016/j.jinteco.2021.103478","doi":"https://doi.org/10.1016/j.jinteco.2021.103478","is_oa":false,"landing_page_url":"https://doi.org/10.1016/j.jinteco.2021.103478","pdf_url":null,"source":{"id":"https://openalex.org/S198098467","display_name":"Journal of International Economics","issn_l":"0022-1996","issn":["0022-1996","1873-0353"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-a-star","anvur-class-a","anvur-scientific","cwts-core","jufo-3","norway-2","poland-140","russia-white-list-1","vabb-shw"],"host_organization":"https://openalex.org/P4310320990","host_organization_name":"Elsevier BV","host_organization_lineage":["https://openalex.org/P4310320990"],"host_organization_lineage_names":["Elsevier BV"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Journal of International Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eee:inecon:v:131:y:2021:i:c:s0022199621000556","doi":null,"is_oa":false,"landing_page_url":"http://www.sciencedirect.com/science/article/pii/S0022199621000556","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"},{"id":"doi:10.7916/d8gm8gsq","doi":"https://doi.org/10.7916/d8gm8gsq","is_oa":true,"landing_page_url":"https://doi.org/10.7916/d8gm8gsq","pdf_url":null,"source":{"id":"https://openalex.org/S4306402601","display_name":"Columbia Academic Commons (Columbia University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I78577930","host_organization_name":"Columbia University","host_organization_lineage":["https://openalex.org/I78577930"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"}],"best_oa_location":{"id":"doi:10.7916/d8gm8gsq","doi":"https://doi.org/10.7916/d8gm8gsq","is_oa":true,"landing_page_url":"https://doi.org/10.7916/d8gm8gsq","pdf_url":null,"source":{"id":"https://openalex.org/S4306402601","display_name":"Columbia Academic Commons (Columbia University)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I78577930","host_organization_name":"Columbia University","host_organization_lineage":["https://openalex.org/I78577930"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article-journal"},"sustainable_development_goals":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.7825999855995178}],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.7200000286102295}],"study_designs":[],"awards":[],"funders":[{"id":"https://openalex.org/F4320309652","display_name":"University of Michigan","ror":"https://ror.org/00jmfr291"}],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":148,"referenced_works":["https://openalex.org/W47444132","https://openalex.org/W122699316","https://openalex.org/W134504546","https://openalex.org/W370984871","https://openalex.org/W988647837","https://openalex.org/W1480626585","https://openalex.org/W1481573076","https://openalex.org/W1482279368","https://openalex.org/W1495009347","https://openalex.org/W1517875614","https://openalex.org/W1518547011","https://openalex.org/W1529083087","https://openalex.org/W1529624024","https://openalex.org/W1533785149","https://openalex.org/W1539643271","https://openalex.org/W1554475854","https://openalex.org/W1556738723","https://openalex.org/W1558571437","https://openalex.org/W1560350676","https://openalex.org/W1560823778","https://openalex.org/W1567295673","https://openalex.org/W1573192237","https://openalex.org/W1578064581","https://openalex.org/W1582564785","https://openalex.org/W1584517672","https://openalex.org/W1593006140","https://openalex.org/W1596767427","https://openalex.org/W1605378965","https://openalex.org/W1828931101","https://openalex.org/W1967511091","https://openalex.org/W1968206940","https://openalex.org/W1976173875","https://openalex.org/W1976684645","https://openalex.org/W1978730762","https://openalex.org/W1988153299","https://openalex.org/W1997692616","https://openalex.org/W1999167388","https://openalex.org/W2005817364","https://openalex.org/W2009067325","https://openalex.org/W2027738900","https://openalex.org/W2031969175","https://openalex.org/W2032899120","https://openalex.org/W2034216689","https://openalex.org/W2034400028","https://openalex.org/W2042609999","https://openalex.org/W2049700361","https://openalex.org/W2056094759","https://openalex.org/W2056964551","https://openalex.org/W2061044658","https://openalex.org/W2077365790","https://openalex.org/W2089214751","https://openalex.org/W2096218604","https://openalex.org/W2100238372","https://openalex.org/W2102647271","https://openalex.org/W2104953445","https://openalex.org/W2109364362","https://openalex.org/W2110663583","https://openalex.org/W2110905284","https://openalex.org/W2113725466","https://openalex.org/W2124302254","https://openalex.org/W2128180562","https://openalex.org/W2132851346","https://openalex.org/W2133999769","https://openalex.org/W2134987288","https://openalex.org/W2140723714","https://openalex.org/W2143077325","https://openalex.org/W2143791688","https://openalex.org/W2144330860","https://openalex.org/W2144395073","https://openalex.org/W2147424500","https://openalex.org/W2149512856","https://openalex.org/W2151405999","https://openalex.org/W2166151660","https://openalex.org/W2168872410","https://openalex.org/W2169068230","https://openalex.org/W2169417293","https://openalex.org/W2184163973","https://openalex.org/W2189139855","https://openalex.org/W2235818389","https://openalex.org/W2247596475","https://openalex.org/W2286920567","https://openalex.org/W2341171179","https://openalex.org/W2403362611","https://openalex.org/W2489977932","https://openalex.org/W2566520499","https://openalex.org/W2588722393","https://openalex.org/W2597761940","https://openalex.org/W2626789594","https://openalex.org/W2748984730","https://openalex.org/W2779716311","https://openalex.org/W2788512934","https://openalex.org/W2789393046","https://openalex.org/W2796635882","https://openalex.org/W2803983492","https://openalex.org/W2890004393","https://openalex.org/W2890862150","https://openalex.org/W2901757838","https://openalex.org/W2907798246","https://openalex.org/W2912248305","https://openalex.org/W2975059911","https://openalex.org/W2992344473","https://openalex.org/W2995011544","https://openalex.org/W3021164001","https://openalex.org/W3021977238","https://openalex.org/W3022051093","https://openalex.org/W3023313214","https://openalex.org/W3023649121","https://openalex.org/W3041558465","https://openalex.org/W3121382297","https://openalex.org/W3121455268","https://openalex.org/W3121592117","https://openalex.org/W3121822178","https://openalex.org/W3121986448","https://openalex.org/W3122285641","https://openalex.org/W3122297279","https://openalex.org/W3122575233","https://openalex.org/W3122876909","https://openalex.org/W3123073331","https://openalex.org/W3123113987","https://openalex.org/W3123187577","https://openalex.org/W3123427268","https://openalex.org/W3123535558","https://openalex.org/W3123686636","https://openalex.org/W3123711277","https://openalex.org/W3123968775","https://openalex.org/W3124030680","https://openalex.org/W3124064065","https://openalex.org/W3124272832","https://openalex.org/W3124556810","https://openalex.org/W3124922093","https://openalex.org/W3124949184","https://openalex.org/W3125420330","https://openalex.org/W3125666894","https://openalex.org/W3125708217","https://openalex.org/W3125770312","https://openalex.org/W3125844116","https://openalex.org/W3126000051","https://openalex.org/W3126045516","https://openalex.org/W3126088645","https://openalex.org/W3187990340","https://openalex.org/W3198862371","https://openalex.org/W4231002958","https://openalex.org/W4236584637","https://openalex.org/W4248918866","https://openalex.org/W4253659965","https://openalex.org/W4256569773","https://openalex.org/W4285719527","https://openalex.org/W6636369395"],"related_works":["https://openalex.org/W7098189074","https://openalex.org/W2018576056","https://openalex.org/W1598249452","https://openalex.org/W3123073331","https://openalex.org/W2181831617","https://openalex.org/W2150259397","https://openalex.org/W1995475886","https://openalex.org/W2794170653","https://openalex.org/W7095619619","https://openalex.org/W4385743592"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":5},{"year":2025,"cited_by_count":8},{"year":2024,"cited_by_count":7},{"year":2023,"cited_by_count":8},{"year":2022,"cited_by_count":10},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":7},{"year":2019,"cited_by_count":3},{"year":2018,"cited_by_count":10},{"year":2017,"cited_by_count":6},{"year":2016,"cited_by_count":4},{"year":2015,"cited_by_count":3},{"year":2014,"cited_by_count":2},{"year":2012,"cited_by_count":1}],"updated_date":"2026-10-16T09:59:22.235173","created_date":"2016-06-24T00:00:00"}
