Belke, Ansgar; Goecke, Matthias; Günther, Martin - 2009
This paper deals with the impact of the $/Euro exchange rate on German exports in the period from 1995Q1 to 2008Q4. Our … euro. At the end of our estimation period, the previous exchange rate movements had shifted the upper bound of the play … reaction of exports to a further appreciation of the euro is expected to start. -- Exchange rate movements ; play hysteresis …