Belke, Ansgar; Goecke, Matthias; Guenther, Martin - 2009
This paper deals with the impact of the $/¿ exchange rate on German exports in the period from 1995Q1 to 2008Q4. Our … implement an algorithm describing play-hysteresis into a regression framework. A unique pain threshold of the $/¿ exchange rate … of our estimation period, the previous exchange rate movements had shifted the upper bound of the play area to about 1 …