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The Stock-Flow Approach to the Real Exchange Rate of CEE Transition Economies

Egert, Balazs; Lahrèche-Révil, Amina; Lommatzsch, Kirsten - Centre d'études prospectives et d'informations … - 2004

Persistent link: https://www.econbiz.de/10005607369

Is There any Rebalancing in the Euro Area?

Carton, Benjamin; Hervé, Karine - Centre d'études prospectives et d'informations … - 2013

We assess the evolution of real exchange rate misalignments within the euro area from a Fundamental Equilibrium Exchange Rate (FEER) approach. We test the robustness of the results by comparing three different estimations of the output gap. Whatever the output gap assumption, Southern countries...

Persistent link: https://www.econbiz.de/10010827753

Estimation of Consistent Multi-Country FEERs

Carton, Benjamin; Hervé, Karine - Centre d'études prospectives et d'informations … - 2010

Most studies on equilibrium exchange rates focus on a limited number of G7 countries. But in a situation of world imbalances, emerging countries can no longer be excluded. The study of all equilibrium exchange rates is delicate. First, the trade model has to be balanced at the aggregate level....

Persistent link: https://www.econbiz.de/10008464318

Sacrifice Ratios in Europe: a Comparison

Boone, Laurence; Mojon, Benoît - Centre d'études prospectives et d'informations … - 1998

Persistent link: https://www.econbiz.de/10005406603

Hyperinflation and the Reconstruction of a National Money: Argentina and Brazil, 1990-2002

Sgard, Jérôme - Centre d'études prospectives et d'informations … - 2003

Persistent link: https://www.econbiz.de/10005406608

Nonlinearity of the inflation-output trade-off and time-varying price rigidity

López-Villavicencio, Antonia; Mignon, Valérie - Centre d'études prospectives et d'informations … - 2013

Relying on the backward-looking Phillips curve; we estimate the level of inflation that erodes price rigidity and … varying threshold inflation levels. Studying six advanced countries over the 1970-2012 period; our results show that both the … slope of the Phillips curve and the threshold; trend inflation that erodes price rigidity are time varying. These …

Persistent link: https://www.econbiz.de/10010610334

Models of Exchange Rate Expectations: Heterogeneous Evidence from Panel Data

Bénassy-Quéré, Agnès; Larribeau, Sophie; MacDonald, … - Centre d'études prospectives et d'informations … - 1999

Persistent link: https://www.econbiz.de/10005406535

The Survival of Intermediate Exchange Rate Regimes

Bénassy-Quéré, Agnès; Coeuré, Benoit - Centre d'études prospectives et d'informations … - 2002

Persistent link: https://www.econbiz.de/10005406550

Do Terms of Trade Drive Real Exchange Rates? Comparing Oil and Commodity Currencies

Coudert, Virginie; Couharde, Cécile; Mignon, Valérie - Centre d'études prospectives et d'informations … - 2008

This paper investigates whether terms of trade have an impact on real exchange rates for commodity exporters and oil exporters. To this end, we estimate a long term relationship between the real effective exchange rate and economic fundamentals, including the commodity terms of trade. The...

Persistent link: https://www.econbiz.de/10005406564

Imitation Amongst Exchange-Rate Forecasters: Evidence from Survey Data

Beine, Michel; Bénassy-Quéré, Agnès; Colas, Hélène - Centre d'études prospectives et d'informations … - 2003

Persistent link: https://www.econbiz.de/10005406593