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Fiscal Policy and External Performance : The Turkish Experience

International Monetary Fund - 1989

general equilibrium model, suggest that Turkey would have experienced a significantly lower inflation rate, with only a small …

Persistent link: https://www.econbiz.de/10014395994

The real exchange rate of an oil exporting economy: Empirical evidence from Nigeria

Suleiman, Hassan; Muhammad, Zahid - FIW - 2011

In this study the long-run relationship between real oil price, real effective exchange rate and productivity … fluctuations and productivity differentials affect the real effective exchange rate. The empirical results suggest that whereas … real oil price exercise a significant positive effect on the real exchange rate in the long run. Productivity differentials …

Persistent link: https://www.econbiz.de/10009320147

Exploring oil price – exchange rate nexus for Nigeria

Muhammad, Zahid; Suleiman, Hassan; Kouhy, Reza - FIW - 2011

This paper investigates the oil price – exchange rate nexus for Nigeria during the period 2007-2010 using daily data. The generalised autoregressive conditional heteroscedasticity (GARCH) and exponential GARCH (EGARCH) models are employed to examine the impact of oil price changes on the...

Persistent link: https://www.econbiz.de/10009320148

Empirical Analysis of High-Inflation Episodes in Argentina, Brazil, and Israel

International Monetary Fund - 1988

Although accommodative policies and widespread indexation may account for the persistence of high inflation, they … cannot explain changes in the inflation rate. This paper examines the causes of such changes for the high-inflation episodes … distinguish between the “fiscal” and “balance of payments” views of the causes of high inflation by computing historical …

Persistent link: https://www.econbiz.de/10014396235

Fiscal-Monetary Mix and Exchange Rate Movements in the Major Industrial Countries, 1980-1984

International Monetary Fund - 1988

This paper analyzes the financial policies pursued in the major industrial countries under the flexible exchange rate regime, and links misalignments in policies and their mixes to exchange rate variations among the major currencies. A number of indicators note that misalignments in fiscal...

Persistent link: https://www.econbiz.de/10014396106

Fiscal Policy. Locational Decisions, and Exchange Rates

International Monetary Fund - 1989

The paper distinguishes between three different channels through which fiscal policy changes may be transmitted to exchange rates. Based on both the balance of payments identity and empirical observations, it is argued that trade balances and exchange rates may be quite responsive to changes in...

Persistent link: https://www.econbiz.de/10014396476

Financial, Exchange Rate, and Wage Policies in Singapore, 1979-1886

International Monetary Fund - 1988

This paper discusses the unique aspects of Singapore’s financial, exchange rate, and wage policies during the period 1979-86, and attempts to quantify the impact of alternative policies on major macroeconomic variables. For this purpose, a simple short-term model is formulated and estimated,...

Persistent link: https://www.econbiz.de/10014395760