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This Paper focuses on the pass-through of exchange rate changes into the prices of imports made by euro area countries originating outside the area. Using data on import unit values for 13 different product categories for each country, we estimate industry-specific rates of pass-through across...
Persistent link: https://www.econbiz.de/10005067653
A gravity model is used to assess the separate effects of exchange rate volatility and currency unions on international … exchange rate volatility, even after controlling for a host of features, including the endogenous nature of the exchange rate …
Persistent link: https://www.econbiz.de/10005666776
uncertain and subject to learning. We discuss phenomena related to the volatility and predictability of asset returns, stock …
Persistent link: https://www.econbiz.de/10005661697
Countries with strong executive constraints have lower growth volatility but similar average growth to those with weak … in inflows when strong executive constraints are adopted in terms of the reduction in the volatility in productivity …
Persistent link: https://www.econbiz.de/10011145416
This Paper develops an empirical model of bilateral exchange rate volatility. We conjecture that for developing … economies, external financial liabilities have an important effect on desired bilateral exchange rate volatility, above and … exchange rate volatility in a broad cross section of countries. For developing economies, bilateral exchange rate volatility …
Persistent link: https://www.econbiz.de/10005123661
export market participation, but unrelated to exchange rate uncertainty. The sunk costs of entering the market appear to be …
Persistent link: https://www.econbiz.de/10005504782
We show that the variables pointed to by the theory of optimum currency areas (OCAs) help to explain patterns of exchange rate variability and intervention across countries. But OCA considerations affect exchange market pressures and intervention in different ways. Exchange market pressures...
Persistent link: https://www.econbiz.de/10005656116
exchange rate shocks in the period. Further, pass-through is found to decline with recent exchange rate volatility and there is …
Persistent link: https://www.econbiz.de/10008784768
A sizeable literature examines exchange rate pass-through to disaggregated import prices but very few micro-studies focus on consumer prices. This paper explores exchange rate pass-through to consumer prices in South Africa during 2002-2007, using a unique data set of highly disaggregated data...
Persistent link: https://www.econbiz.de/10011084277
exchange rate volatility that they entail. We also discuss a special case for which domestic inflation targeting constitutes …
Persistent link: https://www.econbiz.de/10005662120