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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

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

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

Capital Inflows, Exchange Rate Regimes and Credit Dynamics in Emerging Market Economies

Boudias, Robin - Centre d'études prospectives et d'informations … - 2014

This paper investigates the impact of the exchange rate regime (ERR) on the cycle of capital fl ows, the private credit growth rate and the level of dollarization in emerging market economies. We consider two different panels including 12 and 22 countries over the periods 1980-2010 and...

Persistent link: https://www.econbiz.de/10010928909

Relative Real Exchange-Rate Volatility, Multi-Destination Firms and Trade: Micro Evidence and Aggregate Implications

Héricourt, Jérôme; Nedoncelle, Clément - Centre d'études prospectives et d'informations … - 2015

In this paper, we study how firm-level export performance is affected by Real Exchange Rate (RER) volatility and investigate the way this effect is shaped by firm size and more specifically, the number of destinations. Our empirical analysis relies on a French firm-level database that combines...

Persistent link: https://www.econbiz.de/10011213746

Optimal Pegs for Asian Currencies

Bénassy-Quéré, Agnès - Centre d'études prospectives et d'informations … - 1997

Persistent link: https://www.econbiz.de/10005243438

Pegging the CEECs Currencies to the Euro

Bénassy-Quéré, Agnès; Lahrèche-Revil, Amina - Centre d'études prospectives et d'informations … - 1998

Persistent link: https://www.econbiz.de/10005243448