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Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues
Égert, Balázs; Halpern, László; MacDonald, Ronald - C.E.P.R. Discussion Papers - 2004
In this Paper we present an overview of a number of issues relating to the equilibrium exchange rates of the new EU member states from Central and Eastern Europe. In particular, we present a critical overview of the various methods available for calculating equilibrium exchange rates and discuss...
Persistent link: https://www.econbiz.de/10005662370
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Equilibrium Exchange Rates in Central and Eastern Europe: A Meta-Regression Analysis
Égert, Balázs; Halpern, László - C.E.P.R. Discussion Papers - 2005
, perhaps more importantly, the sign of the estimated coefficient of the productivity variable and of two other variables …
Persistent link: https://www.econbiz.de/10005123853
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Real Exchange Rate Dynamics in Macedonia: Old Wisdoms and New Insights
Bogoev, Jane; Bojceva Terzijan, Sultanija; Égert, Balázs - In: Economics - The Open-Access, Open-Assessment E-Journal 2 (2008), pp. 1-19
of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …
Persistent link: https://www.econbiz.de/10005082987
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Subnational purchasing power of parity in OECD countries : estimates based on the Balassa-Samuelson hypothesis
Costa, Alex; García Villar, Jaume; Raymond Bara, José Luis - 2019
Due to the lack of Purchasing Power Parities (PPPs) at regional level, regional Gross Domestic Product (GDP) figures have been traditionally adjusted using national PPPs. The simplifying assumption that all regions of a country have the same cost of living, and implicitly that there are no...
Persistent link: https://www.econbiz.de/10012230599
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Measuring the Balassa-Samuelson effect : a guidance note on the RPROD database
Couharde, Cécile; Delatte, Anne-Laure; Grekou, Carl; … - In: International economics : a journal published by CEPII … 161 (2020), pp. 237-247
Persistent link: https://www.econbiz.de/10012642546
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The Balassa-Samuelson Hypothesis in Developed Countries and Emerging Market Economies: Different Outcomes Explained
García Solanes, José; Torrejón-Flores, Fernando - In: Economics - The Open-Access, Open-Assessment E-Journal 3 (2009), pp. 1-24
This paper studies the Balassa-Samuelson effects in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. The USA is taken as a benchmark. Applying recent panel cointegration and bootstrapping techniques that solve for...
Persistent link: https://www.econbiz.de/10005082967
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The Impact of Monetary and Commodity Fundamentals, Macro News and Central Bank Communication on the Exchange Rate : Evidence from South Africa
Égert, Balázs - 2009
This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007. We find strong nonlinear effects of commodity prices, perceived country and emerging market risk premium and changes in the dollar-euro exchange rate on...
Persistent link: https://www.econbiz.de/10012444574
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The Impact of Monetary and Commodity Fundamentals, Macro News and Central Bank Communication on the Exchange Rate: Evidence from South Africa
Égert, Balázs - Economics Department, Organisation de Coopération et … - 2009
This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007. We find strong nonlinear effects of commodity prices, perceived country and emerging market risk premium and changes in the dollar-euro exchange rate on...
Persistent link: https://www.econbiz.de/10005046067
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The impact of macro news and central bank communication on emerging European forex markets
Égert, Balázs; Kočenda, Evžen - In: Economic Systems 38 (2014) 1, pp. 73-88
We employ a two-stage empirical strategy to analyze the impact of macroeconomic news and central bank communication on the exchange rates of three Central and Eastern European (CEE) currencies against the euro. First we estimate the nominal equilibrium exchange rate based on a monetary model....
Persistent link: https://www.econbiz.de/10011040291
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Real exchange rate fluctuations and the relative importance of nontradables
Ouyang, Alice Y.; Rajan, Ramkishen S. - In: Journal of International Money and Finance 32 (2013) C, pp. 844-855
The real exchange rate is one of the most important price variables in macroeconomics as changes in it have implications for both external competitiveness as well as internal sectoral resource allocation. This paper decomposes real exchange rate volatility into its two components for a panel of...
Persistent link: https://www.econbiz.de/10010594680