Exchange Rates and Macroeconomic Dynamics

1. Introduction
Pavlos Karadeloglou, Virginie Terraza

Part I. The Purchasing Power Parity and its Implications for Equilibrium Exchanges Rates

2. Three Exchange Rate Puzzles: Fact or Fiction?
Ronald MacDonald

3. The Real Exchange Rate Misalignment in the Five Central European Countries — Single Equation Approach
Jan Frait, Luboš Komárek, Martin Melecký

4. Real Equilibrium Exchange Rate in China. Is the Renminbi Undervalued?
Virginie Coudert, Cécile Couharde

Part II. Exchange Rates Dynamics and Pass-Through Effects

5. Exchange Rate Pass-Through Effect and Monetary Policy in Russia
Victoria V. Dobrynskaya, Dmitry V. Levando

6. Disaggregated Econometric Models to Forecast Inflation in Hungary
Viktor Várpalotai

Part III. Exchange Rates Dynamics and Structural Shocks on Economies

7. An Open Economy Dynamic General Equilibrium Model Linking the Euro Area and the US Economy
Gregory Walque, Raf Wouters

8. Liberalisation Shocks and Real Exchange Rates Appreciation in the Transition Economies
Christos Papazoglou

Keywords: Economics, Econometrics, Macroeconomics/Monetary Economics//Financial Economics, International Economics