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Weak Economy and Strong Currency - The Origins of the Strong Yen in the 1990s

Schnabl, Gunther - EconWPA - 2004

During the 1990’s the Japanese yen proved astonishingly strong despite the persisting recession. This paper tracks the … origins of the high yen. It analyses the influence of interest rates, prices and foreign exchange policy on the yen …. Since prices have been exerting their influence on the Japanese currency in the long run, the high yen is explained with …

Persistent link: https://www.econbiz.de/10005556664

The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy

Schnabl, Gunther; Danne, Christian - EconWPA - 2005

This paper studies the role of the yen/dollar exchange rate in the Bank of Japan’s monetary policy reaction function … policy around 1978/79 and a persistently increasing impact of the yen/dollar exchange rate after 1986. The ris ing importance … of the yen/dollar exchange rate for Japanese monetary policy is in line with increasing efforts to stabilize the yen …

Persistent link: https://www.econbiz.de/10005119427

A PUSH TO GEORGE ( IN ) BUSH

DR.VSR.SUBRAMANIAM - EconWPA - 2005

An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate units, Expatriates and all nations with their currency related to US $, are not happy in the current $ dipping situation. Even the currencies of poor nations are galloping upward in...

Persistent link: https://www.econbiz.de/10005556940

Purchasing Power Parity: Granger Causality Tests for the Yen- Dollar Exchange Rate

Schnabl, Gunther; Baur, Dirk - EconWPA - 2005

The paper analyses the causality between the Japanese-US relative export prices and the yen-dollar exchange rate. It … explains why the Japanese yen proved strong even during the economic slump of the 1990s. The paper suggests that the … appreciation of the Japanese yen forced the Japanese enterprises into price reductions and productivity increases, which put a …

Persistent link: https://www.econbiz.de/10005119473

De-industrialisation III

Stanners, Walter - EconWPA - 2002

The author of this note takes it as self evident that prosperity and the provision of "things" (buildings, roads, furniture, furnishings, clothes, machines and equipment of all sorts) go together. The way people generally speak and act is in line with this view. If this is so, domestic...

Persistent link: https://www.econbiz.de/10005407637

De-Industrialisation II

Stanners, Walter - EconWPA - 2001

Is industrial production relatively in decline? No, it is not. This note displays the evidence that for the last 40 years, in the 6 largest economies of the world, industrial production has kept pace with total output.

Persistent link: https://www.econbiz.de/10005407726

Currency Substitution, Unoffical Dollarization and Estimates of Foreign Currency Held Abroad: The Case of Croatia

Feige, Edgar L.; Faulend, Michael; Sonje, Velimir; … - EconWPA - 2001

This paper employs new estimates of US currency held abroad to determine the degree of unofficial or de facto dollarization that has taken place in key countries around the world. Empirical estimates of foreign currency in circulation permits refined definitions of unofficial dollarization...

Persistent link: https://www.econbiz.de/10005556659

The Measurement of Persistence and Hysteresis in Aggregate Unemployment.

Mikhail, Ossama; Eberwein, Curtis J.; Handa, Jagdish - EconWPA - 2003

There exists no consensus regarding the definition and the measure of persistence. We aim to spark research interests to address the lack of a standard definition. This paper reviews this issue and proposes an informal definition to unemployment persistence.

Persistent link: https://www.econbiz.de/10005126077

Monopoly Market with Externality: an Analysis with Statistical Physics and ACE

Nadal, Jean Pierre; Phan, Denis; Gordan, Mirta B.; … - EconWPA - 2003

In this paper, we explore the effects of localised externalities introduced through interaction structures upon the properties of the simplest market model: the discrete choice model with a single homogeneous product and a single seller (the monopoly case). The resulting market is viewed as a...

Persistent link: https://www.econbiz.de/10005134576

Complex Remanence vs. Simple Persistence: Are Hysteresis and Unit-Root Processes observationally equivalent?

amable, bruno; henry, jerome; lordon, frederic; topol, … - EconWPA - 2005

The hysteresis terminology has mainly been used in two fields of economics, unemplyment and international trade, with a … process. This stresses the specific relevance of a non-linear approach to hysteresis. …

Persistent link: https://www.econbiz.de/10005134578

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