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Advances in economics and econometrics ; Vol. 3

Dewatripont, Mathias (contributor); … - 2003

Persistent link: https://www.econbiz.de/10001742594

Hump-shaped Behavior of Inflation and Dynamic Externality

Tsuruga, Takayuki - Econometric Society - 2004

This paper develops a model which can explain the hump-shaped impulse response of inflation to a monetary shock. A …). Nevertheless, we can show that inflation is hump-shaped under a reasonable range of parameters. It will be also shown that, in … order for inflation to be hump-shaped, sticky wages and variable capital utilization are important as well as dynamic …

Persistent link: https://www.econbiz.de/10005342361

On the long-run determinants of real exchange rates for developing countries : Evidence from Africa, Latin America and Asia

Rault, Christophe; Drine, Imed - Econometric Society - 2004

The main goal of this paper is to tackle the empirical issues of the real exchange rate litterature by applying recently developed panel cointegration techniques to a structural long-run real exchange rate equation. We consider here a sample of 45 developing countries, divided into three groups...

Persistent link: https://www.econbiz.de/10005063741