{"id":"https://openalex.org/W4299520114","doi":"https://doi.org/10.17016/ifdp.1998.612","title":"Monetary Shocks and Real Exchange Rates","display_name":"Monetary Shocks and Real Exchange Rates","publication_year":1998,"publication_date":"1998-05-01","ids":{"openalex":"https://openalex.org/W4299520114","doi":"https://doi.org/10.17016/ifdp.1998.612"},"language":"en","primary_location":{"id":"doi:10.17016/ifdp.1998.612","doi":"https://doi.org/10.17016/ifdp.1998.612","is_oa":true,"landing_page_url":"https://doi.org/10.17016/ifdp.1998.612","pdf_url":null,"source":{"id":"https://openalex.org/S4210204989","display_name":"International Finance Discussion Paper","issn_l":"1073-2500","issn":["1073-2500","2767-4509"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Finance Discussion Papers","raw_type":"journal-article"},"volume":null,"type":"article","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"hybrid","oa_url":"https://doi.org/10.17016/ifdp.1998.612","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5108685985","display_name":"John Harold Rogers","orcid":"https://orcid.org/0000-0002-1301-4503","observed_orcids":["https://orcid.org/0000-0002-1301-4503"]},"institutions":[{"id":"https://openalex.org/I1317239608","display_name":"Federal Reserve","ror":"https://ror.org/05fk5tr28","country_code":"US","type":"other","lineage":["https://openalex.org/I1317239608"]},{"id":"https://openalex.org/I2802905149","display_name":"Federal Reserve Board of Governors","ror":"https://ror.org/00v448643","country_code":"US","type":"government","lineage":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}],"countries":["US"],"is_corresponding":true,"raw_author_name":"John Harold Rogers","raw_affiliation_strings":["Board of Governors of the Federal Reserve System (U.S.)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Board of Governors of the Federal Reserve System (U.S.)","institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":2,"corresponding_author_ids":["https://openalex.org/A5108685985"],"corresponding_institution_ids":["https://openalex.org/I1317239608","https://openalex.org/I2802905149"],"apc_list":null,"apc_paid":null,"fwci":2.9283,"has_fulltext":false,"cited_by_count":16,"citation_normalized_percentile":{"value":0.9377293,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":88,"max":94},"biblio":{"volume":"1998.0","issue":"612","first_page":"1","last_page":"53"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9937000274658203,"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"}},"topics":[{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.9937000274658203,"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/T10503","display_name":"Global Financial Crisis and Policies","score":0.004699999932199717,"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/T12137","display_name":"Economic theories and models","score":0.0010000000474974513,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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/monetary-policy-shocks","display_name":"monetary policy shocks","score":0.9179999828338623},{"id":"https://openalex.org/keywords/real-exchange-rate","display_name":"real exchange rate","score":0.9860000014305115},{"id":"https://openalex.org/keywords/fiscal-shocks","display_name":"fiscal shocks","score":0.984000027179718},{"id":"https://openalex.org/keywords/technology-shocks","display_name":"productivity shocks","score":0.9990000128746033},{"id":"https://openalex.org/keywords/preference-shocks","display_name":"preference shocks","score":0.9829999804496765},{"id":"https://openalex.org/keywords/exchange-rate-determination","display_name":"exchange rate determination","score":0.5879999995231628}],"concepts":[{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.8035571575164795},{"id":"https://openalex.org/C38935604","wikidata":"https://www.wikidata.org/wiki/Q4330363","display_name":"Stylized fact","level":2,"score":0.6773574948310852},{"id":"https://openalex.org/C2776988154","wikidata":"https://www.wikidata.org/wiki/Q66100","display_name":"Exchange rate","level":2,"score":0.5803179144859314},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.5121936202049255},{"id":"https://openalex.org/C109168655","wikidata":"https://www.wikidata.org/wiki/Q242988","display_name":"Liberian dollar","level":2,"score":0.4257574677467346},{"id":"https://openalex.org/C126285488","wikidata":"https://www.wikidata.org/wiki/Q178476","display_name":"Monetary policy","level":2,"score":0.412951797246933},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.3874177932739258},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.17016/ifdp.1998.612","doi":"https://doi.org/10.17016/ifdp.1998.612","is_oa":true,"landing_page_url":"https://doi.org/10.17016/ifdp.1998.612","pdf_url":null,"source":{"id":"https://openalex.org/S4210204989","display_name":"International Finance Discussion Paper","issn_l":"1073-2500","issn":["1073-2500","2767-4509"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Finance Discussion Papers","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.17016/ifdp.1998.612","doi":"https://doi.org/10.17016/ifdp.1998.612","is_oa":true,"landing_page_url":"https://doi.org/10.17016/ifdp.1998.612","pdf_url":null,"source":{"id":"https://openalex.org/S4210204989","display_name":"International Finance Discussion Paper","issn_l":"1073-2500","issn":["1073-2500","2767-4509"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["cwts-core"],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"public-domain","license_id":"https://openalex.org/licenses/public-domain","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Finance Discussion Papers","raw_type":"journal-article"},"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":40,"referenced_works":["https://openalex.org/W1482196687","https://openalex.org/W1482241473","https://openalex.org/W1530051069","https://openalex.org/W1572217135","https://openalex.org/W1584862186","https://openalex.org/W1588163064","https://openalex.org/W1964356689","https://openalex.org/W1964765585","https://openalex.org/W1989849296","https://openalex.org/W1997778139","https://openalex.org/W2006669823","https://openalex.org/W2017809294","https://openalex.org/W2019459021","https://openalex.org/W2027694952","https://openalex.org/W2034707435","https://openalex.org/W2035387744","https://openalex.org/W2060513297","https://openalex.org/W2062467289","https://openalex.org/W2064376073","https://openalex.org/W2074158860","https://openalex.org/W2086232129","https://openalex.org/W2113899646","https://openalex.org/W2116651583","https://openalex.org/W2129553070","https://openalex.org/W2130017085","https://openalex.org/W2137873244","https://openalex.org/W2147504124","https://openalex.org/W2166912928","https://openalex.org/W2168257636","https://openalex.org/W2889712533","https://openalex.org/W2890246896","https://openalex.org/W2925110519","https://openalex.org/W3022744327","https://openalex.org/W3094609766","https://openalex.org/W3122247676","https://openalex.org/W3124713517","https://openalex.org/W3124759295","https://openalex.org/W3125811713","https://openalex.org/W4299537247","https://openalex.org/W4300946629"],"related_works":["https://openalex.org/W1572217135","https://openalex.org/W2151562213","https://openalex.org/W3125080204","https://openalex.org/W7100191665","https://openalex.org/W1586647118","https://openalex.org/W1485471284","https://openalex.org/W2137066194","https://openalex.org/W2147504124","https://openalex.org/W1486499296","https://openalex.org/W2057170165"],"abstract_inverted_index":{"Many":[0],"explanations":[1],"of":[2,40,46,61,78,89,140],"the":[3,44,53,87,90,99,132],"stylized":[4],"facts":[5],"concerning":[6],"real":[7,54,69],"exchange":[8,56],"rate":[9],"movements":[10],"focus":[11],"on":[12,142],"monetary":[13,22,63,102,143],"shocks,":[14],"but":[15],"it":[16],"is":[17,30],"often":[18],"found":[19],"empirically":[20],"that":[21,29],"shocks":[23,48,59,70,103,113],"are":[24,120],"unimportant.":[25],"I":[26,42],"provide":[27,83],"evidence":[28],"contrary":[31],"to":[32,49,95,106,123,131],"this":[33],"empirical":[34,129],"finding.":[35],"Using":[36],"over":[37],"100":[38],"years":[39],"data,":[41],"estimate":[43],"contribution":[45,88],"various":[47,91],"explaining":[50],"variation":[51],"in":[52,98,134],"pound-dollar":[55],"rate.":[57],"Monetary":[58],"consist":[60],"both":[62],"base":[64],"and":[65,74,104,111,118],"money":[66],"multiplier":[67],"shocks;":[68],"include":[71],"fiscal,":[72],"productivity,":[73],"preference":[75],"shocks.":[76,144],"Estimates":[77],"several":[79],"alternative":[80],"VAR":[81],"specifications":[82],"a":[84],"range":[85],"for":[86,101,109],"shocks:":[92],"from":[93],"19":[94],"60":[96],"percent":[97,108],"short-run":[100],"4":[105],"26":[107],"fiscal":[110],"productivity":[112],"combined.":[114],"My":[115],"modeling":[116,139],"strategy":[117],"results":[119,127],"compared":[121],"directly":[122],"related":[124],"work.":[125],"The":[126],"lend":[128],"support":[130],"convention":[133],"recent":[135],"quantitative":[136],"general":[137],"equilibrium":[138],"focusing":[141]},"counts_by_year":[{"year":2021,"cited_by_count":1},{"year":2017,"cited_by_count":1},{"year":2015,"cited_by_count":1},{"year":2014,"cited_by_count":1}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2022-10-02T00:00:00"}