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Charles Engel is an American economist and the Hester professor in the economics department at the University of Wisconsin-Madison. He does research on nominal/real exchange rate movements.

Career

Engel received a B.A. from University of North Carolina at Chapel Hill in 1977. After receiving his doctorate in economics from University of California, Berkeley in 1983, he held faculty positions at the University of Virginia and the University of Washington before moving to University of Wisconsin-Madison. He has since 1989 been a research associate at The National Bureau of Economic Research. He has since 2001 been an editor of the Journal of International Economics, which is a top field journal in international economics.

He has served on the Board of Editors for American Economic Review (April 2002 – March 2008).

He has since 2008 been a senior fellow at the Globalization and Monetary Policy Institute at the Federal Reserve Bank of Dallas.

Contributions

His paper coauthored with John Rogers, "How Wide is the Border?", empirically studies price dispersion across cities in different countries and finds that the extent of international failures of the law of one price is large. This paper initiated a long line of economic research investigating "the border effect" on international price dispersion. According to the Social Sciences Citation Index, the paper is in the top percentile of papers published in the top tier of economics journals. In Engel (1999), he finds that the vast majority of U.S. real exchange rate movements came from fluctuations in tradable good prices, contradicting the conventional views at that time that real exchange rate movements are mainly due to fluctuations in non-tradable good prices, and thus posing another empirical puzzle in the literature regarding the law of one price.

In Engel and West (2005), Engel and West propose a theorem explaining unpredictability of nominal exchange rate movements. This theorem is one of the first theoretical approaches in international economics to explaining why there are no solid regressors in the data for predicting nominal exchange rate movements in the short run.

References

1. Engel, Charles M. "Curriculum Vitae". University of Wisconsin. Archived from the original on 2 February 2014. Retrieved 19 January 2014.
2. "Charles Engel". The National Bureau of Economic Research. Retrieved 19 January 2014.
3. "Globalization & Monetary Policy Institute". Federal Reserve Bank of Dallas. Archived from the original on 7 July 2017. Retrieved 19 January 2014.
4. Engel, Charles; John H. Rogers (1996). "How Wide is the Border?" (PDF). American Economic Review. 86: 1112–25. Retrieved 19 January 2014.
5. Gorodnichenko, Yuriy; Linda L. Tesar (2009). "Border Effect or Country Effect? Seattle May Not Be So Far from Vancouver After All" (PDF). American Economic Journal: Macroeconomics. 1 (1): 219–41. doi:10.1257/mac.1.1.219. Retrieved 19 January 2014.
6. Engel, Charles (1999). "Accounting for U.S. Real Exchange Rate Changes" (PDF). Journal of Political Economy. 107 (3): 507–38. doi:10.1086/250070. Retrieved 19 January 2014.
7. Engel, Charles; Kenneth D. West (2005). "Exchange Rates and Fundamentals" (PDF). Journal of Political Economy. 113 (3): 485–517. doi:10.1086/429137. Retrieved 19 January 2014.

External links

• Charles Engel at the University of Wisconsin-Madison
• Curriculum Vitae

• University of Wisconsin–Madison faculty
• 21st-century American economists
• Living people
• American macroeconomists
• New Keynesian economists