Showing 1 - 10 of 1,671
This study documents a quantitative analysis of exchange rate volatilities and misalignment in Uzbekistan for the … period of 1994q3–2005q2. The results suggest thatthe real exchange rate volatility and misalignment have depressing effects …
Persistent link: https://www.econbiz.de/10005623237
The paper examines misalignment of the Turkish lira between 1998 to 2008. Misalignment, specifically overvaluation has … floating exchange rate regime, we contribute to the literature on the relation between misalignment and exchange rate regimes …. We first estimate the equilibrium real exchange rate for Turkey, then compute misalignment and finally test for …
Persistent link: https://www.econbiz.de/10011111300
exchange rate misalignment is harmful to sectoral output.. The study indicated instead of undervaluation necessitating sectoral …
Persistent link: https://www.econbiz.de/10008678276
period 1991:1-2009:4. The RER misalignment is built through the estimation of the NATREX equilibrium model. Using the … positive and significant relationship between the RER misalignment and economic growth. This finding obtained is consistent … with the notion that the RER misalignment through the distortion in relative price has systematic influence on the pattern …
Persistent link: https://www.econbiz.de/10011109930
The macroeconomic literature has found puzzling effects of government spending on private consumption, the real exchange rate and the terms of trade. Some authors find that private consumption increases after a shock to government spending, while others report a decrease. The same ambiguity can...
Persistent link: https://www.econbiz.de/10011110784
Origins and implications of twin deficits occurrence in a large scale of countries seems to be a center of rigorous empirical as well as theoretical investigation for decades. The reality of persisting fiscal and current account deficits became obvious in many advanced as well as advancing,...
Persistent link: https://www.econbiz.de/10011109066
This paper aims to provide direct empirical evidence on business cycle relations between GDP and government spending in the Czech Republic. Government spending plays an important role in a fiscal policy as a possible automatic stabilizer. We analyzed annual data on government spending in...
Persistent link: https://www.econbiz.de/10009223354
Using a large information approach and full Bayesian VAR techniques, we study the economic effects of fiscal policy shocks in the U.S. over the last five decades. We find that omitted variables can explain the well known sample instability of the estimates for the fiscal multiplier. We also find...
Persistent link: https://www.econbiz.de/10011107462
This paper aims to provide direct empirical evidence on business cycle relations between GDP and government spending in the Czech Republic. Government spending plays an important role in a fiscal policy as a possible automatic stabilizer. We analyzed annual data on government spending in...
Persistent link: https://www.econbiz.de/10011112440
This paper uses panel data cointegration techniques to study the impacts of real exchange rate misalignment and real … real exchange rate misalignment and real exchange rate volatility affect negatively exports. The results also illustrate … that real exchange rate volatility is more harmful to exports than misalignment. These outcomes are corroborated by …
Persistent link: https://www.econbiz.de/10009223330