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A Preliminary Evaluation of Monetary Policy Rules for Russia
Esanov, Akram; Merkl, Christian; Souza, Lúcio Vinhas de - Institut für Weltwirtschaft (IfW) - 2004
different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange …
Persistent link: https://www.econbiz.de/10005076111
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Monetary policy shocks and macroeconomic variables: Evidence from fast growing emerging economies
Ivrendi, Mehmet; Yildirim, Zekeriya - Institut für Weltwirtschaft (IfW) - 2013
domestic currency, increases interest rates, effectively controls inflation rates and reduces output. They do not find any …
Persistent link: https://www.econbiz.de/10010956075
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Capital account liberalization and exchange rate flexibility: Scenarios for the Moroccan case
Ezzahid, Elhadj; Maouhoub, Brahim - Institut für Weltwirtschaft (IfW) - 2014
the flexible exchange rate will improve competitiveness. However, flexibility will undermine price stability. …
Persistent link: https://www.econbiz.de/10010956042
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The Balassa-Samuelson Hypothesis in Developed Countries and Emerging Market Economies: Different Outcomes Explained
García Solanes, José; Torrejón-Flores, Fernando - Institut für Weltwirtschaft (IfW) - 2008
This paper studies the Balassa-Samuelson hypothesis in two areas with strong differences in economic development, sixteen OECD countries and sixteen Latin American economies. Applying panel cointegration and bootstrapping techniques that solve for cross-sectional dependence problems in the data,...
Persistent link: https://www.econbiz.de/10005059047
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Wage, Price and Unemployment Dynamics in the Spanish Transition to EMU Membership
Jusélius, Katarina; Ordóñez, Javier - Institut für Weltwirtschaft (IfW) - 2008
competitiveness in the tradable sector seems crucial for the real and nominal convergence to be successful. The increase in … to lead to increasing unemployment, slowdown in productivity growth, higher interest rates, and loss of competitiveness … the convergence process as long as competitiveness is not eroded by excess wage increases. …
Persistent link: https://www.econbiz.de/10005059049
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The Universal Shape of Economic Recession and Recovery after a Shock
Challet, Damien; Solomon, Sorin; Yaari, Gur - Institut für Weltwirtschaft (IfW) - 2009
We show that a simple and intuitive three-parameter equation fits remarkably well the evolution of the gross domestic product (GDP) in current and constant dollars of many countries during the times of recession and recovery. We then argue that it can be used to detect shocks and discuss its...
Persistent link: https://www.econbiz.de/10005083380
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Why should sub-Saharan Africa care about the Doha development round?
Draper, Peter; Freytag, Andreas; Al Doyaili, Sarah - Institut für Weltwirtschaft (IfW) - 2012
In recent years sub-Saharan Africa, notwithstanding the global financial crisis, has increased its share in global trade and investment flows. This has led to an appreciable improvement in development levels, albeit off a small base. However, these patterns are still dominated by commodity flows...
Persistent link: https://www.econbiz.de/10010956038
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The possible trinity: Optimal interest rate, exchange rate, and taxes on capital flows in a DSGE model for a small open economy
Escudé, Guillermo J. - Institut für Weltwirtschaft (IfW) - 2014
A traditional way of thinking about the exchange rate regime and capital account openness has been framed in terms of the 'impossible trinity' or 'trilemma', according to which policymakers can only have two of three possible outcomes: open capital markets, monetary independence and pegged...
Persistent link: https://www.econbiz.de/10010956090
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A DSGE model for a SOE with systematic interest and foreign exchange policy in which policymakers exploit the risk premium for stabilization purposes
Escudé, Guillermo J. - Institut für Weltwirtschaft (IfW) - 2012
, and much lower for the usual preferences (in which only inflation and/or output stabilization matter). It is shown that …
Persistent link: https://www.econbiz.de/10010956130
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More Coffee, More Cigarettes? Coffee Market Liberalisation, Gender, and Bargaining in Uganda
Golan, Jennifer; Lay, Jann - Institut für Weltwirtschaft (IfW) - 2008
Focusing on intra-household allocation, we investigate the effects of coffee market liberalisation in Uganda. As coffee has traditionally been a male domain, higher income from this activity might increase gender disparities. In addition, gender-related inefficiency in household production might...
Persistent link: https://www.econbiz.de/10005755275