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