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Exchange Rate Volatility and Global Food Supply Chains

Steinbach, Sandro - National Bureau of Economic Research - 2021

between exchange rate volatility and international trade flows. I contribute to the ongoing debate by investigating the … and estimate the trade effects of short-run and long-run exchange rate volatility. My findings indicate significant …-run volatility, these effects vary substantially according to product and industry characteristics. I find a positive association …

Persistent link: https://www.econbiz.de/10012616612

External Imbalances in an Advanced, Commodity-Exporting Country : The Case of New Zealand

Edwards, Sebastian - 2006

During the last three years New Zealand has faced increasingly large external imbalances. The current account deficit has increased from 4.3% of GDP in 2003 to almost 9.0% of GDP in 2005. During the same period the country's net international investment position (NIIP) went from a negative level...

Persistent link: https://www.econbiz.de/10012466041

Surfing the Waves of Globalization : Asia and Financial Globalization in the Context of the Trilemma

Aizenman, Joshua - 2010

choices matter for output volatility and the medium-term level of inflation. Greater monetary independence is associated with … lower output volatility while greater exchange rate stability implies greater output volatility, which can be mitigated if a … inflation rate. We find that trilemma policy configurations and external finances affect output volatility through the …

Persistent link: https://www.econbiz.de/10012462774

Numerical General Equilibrium Analysis of China's Impacts from Possible Mega Trade Deals

Li, Chunding - 2014

This paper explores the potential impacts on both China and other major countries of possible mega trade deals. These include the Trans-Pacific Partnership (TPP), the Regional Comprehensive Economic Partnership (RCEP), and various blocked deals. We use a numerical 13-country global general...

Persistent link: https://www.econbiz.de/10012458242

From Dominant to Producer Currency Pricing : Dynamics of Chilean Exports

De Gregorio, Jose; García, Pablo; Luttini, Emiliano; … - National Bureau of Economic Research - 2024

We revisit a central question for international macroeconomics: the response of export prices and quantities to movements in the exchange rate (ER). We use granular export data for Chile and study how the effects of ER movements vary over time with the currency of invoicing and the destination...

Persistent link: https://www.econbiz.de/10014486265

Emergence of Asia : Reforms, Corporate Savings, and Global Imbalances

Fan, Jingting - 2016

One of the explanations for global imbalances is the self-financing behavior of credit-constrained firms in rapidly growing emerging markets. We use an extensive firm-level data set from several Asian countries during 2002-2011, and test the micro foundation of this theory by estimating the...

Persistent link: https://www.econbiz.de/10012456342

Capital Flows, the Current Account, and the Real Exchange Rate : Consequences of Liberalization and Stabilization

Obstfeld, Maurice - 1984

This paper develops a dynamic framework in which macroeconomic liberalization and stabilization measures of the type recently seen in Latin America can be studied. The model is sufficiently general to cover both polar cases of a closed capital account and free private capital mobility, so the...

Persistent link: https://www.econbiz.de/10012477560

Sterling and the External Balance

Dornbusch, Rudiger - 1979

This paper analyzes the behavior of the current account and the exchange rate in the British economy during the 1970's, and discusses the outlook, as influenced by the availability of oil revenues, for exchange rate developments during the 1980's.Both trade and exchange rate behavior are...

Persistent link: https://www.econbiz.de/10012478822

Pitfalls in Measuring Exchange Rate Misalignment : The Yuan and Other Currencies

Cheung, Yin-Wong - 2008

We evaluate whether the Renminbi (RMB) is misaligned, relying upon conventional statistical methods of inference. A framework built around the relationship between relative price and relative output levels is used. We find that, once sampling uncertainty and serial correlation are accounted for,...

Persistent link: https://www.econbiz.de/10012464479

Varieties and the Transfer Problem : The Extensive Margin of Current Account Adjustment

Corsetti, Giancarlo - 2008

Most analyses of the macroeconomic adjustment required to correct global imbalances ignore net exports of new varieties of goods and services and do not account for firms' entry in the product market. In this paper we revisit the macroeconomics of trade adjustment in the context of the classic...

Persistent link: https://www.econbiz.de/10012464851

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