Similar Search Results

The Role of the Business Cycle in Exchange Rate Pass-Through: The Case of Finland

Cheikh, Nidhaleddine Ben; Rault, Christophe - William Davidson Institute, University of Michigan - 2014

in ERPT to CPI inflation for the Finnish economy. Within a logistic smooth transition framework, our investigations …

Persistent link: https://www.econbiz.de/10010936534

IMPACT OF REGULATED PRICE ADJUSTMENTS ON PRICE VARIABILITY IN A VERY LOW INFLATION TRANSITION ECONOMY: CASE OF ARMENIA

Mkrtchyan, Aghassi - William Davidson Institute, University of Michigan - 2004

low inflation economy characterized by relatively frequent administrative price adjustments is examined. Fluctuations of …

Persistent link: https://www.econbiz.de/10005652565

Balassa-Samuelson Meets South Eastern Europe, the CIS and Turkey: A Close Encounter of the Third Kind?

Égert, Balázs - William Davidson Institute, University of Michigan - 2005

only a limited role for inflation and real exchange rate determination, and it seems to be roughly in line with earlier …

Persistent link: https://www.econbiz.de/10005652674

Exchange Rate Pass-Through to Domestic Prices under Different Exchange Rate Regimes

Mirdala, Rajmund - William Davidson Institute, University of Michigan - 2014

Responsiveness of exchange rates to external price shocks as well as their ability to serve as a traditional vehicle for a transmission of these shocks to domestic prices is affected by exchange rate arrangement adopted by monetary authorities. As a result, exchange rate volatility determines...

Persistent link: https://www.econbiz.de/10010744600

A Composite Leading Indicator of Tunisian Inflation

Sfia, Mohamed Daly - William Davidson Institute, University of Michigan - 2010

This paper investigates the possibility of constructing a composite leading indicator (CLI) of Tunisian inflation. For … doing so, partial information about future inflation rate provided by a number of basic series is analyzed first. Based on …), real effective exchange rate and crude petroleum production, are important leading indicators for inflation rate in Tunisia …

Persistent link: https://www.econbiz.de/10008606464

Recent Estimates of Exchange Rate Pass-Through to Import Prices in the Euro Area

Cheikh, Nidhaleddine Ben; Rault, Christophe - William Davidson Institute, University of Michigan - 2014

the shift towards reduced inflation regimes in our sample of countries. Finally, we notice that the distinction between …

Persistent link: https://www.econbiz.de/10010936536

Equilibrium Real Exchange Rates in Central Europe's Transition Economies: Knocking on Heaven's Door

Égert, Balázs - William Davidson Institute, University of Michigan - 2002

The purpose of this paper is to study the equilibrium real exchange rate (ERER) in 5 CEE transition economies, namely the Czech Republic, Hungary, Poland, Slovakia and Slovenia. In so doing, we combine the fundamental equilibrium exchange rate (FEER) approach developed by Williamson (1994) with...

Persistent link: https://www.econbiz.de/10005207893

The Effects of Monetary Policy in the Czech Republic: An Empirical Study

Borys, Magdalena M; Horvath, Roman - William Davidson Institute, University of Michigan - 2008

within VAR, structural VAR, and the Factor-Augmented VAR framework. We document a well-functioning transmission mechanism similar to the euro area countries, especially in terms of persistence of monetary policy shocks. Subject to various sensitivity tests, we find that contractionary monetary...

Persistent link: https://www.econbiz.de/10008528998

The Impact of Monetary and Commodity Fundamentals, Macro News and Central Bank Communication on the Exchange Rate: Evidence from South Africa

Egert, Balazs - William Davidson Institute, University of Michigan - 2009

This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007. We find strong nonlinear effects of commodity prices, perceived country and emerging market risk premium and changes in the dollareuro exchange rate on...

Persistent link: https://www.econbiz.de/10008529003

INTERNATIONAL FINANCIAL INTEGRATION AND REAL EXCHANGE RATE LONG-RUN DYNAMICS IN EMERGING COUNTRIES

RAULT, Christophe; CAPORALE, Guglielmo Maria; AMOR, … - William Davidson Institute, University of Michigan - 2009

The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...

Persistent link: https://www.econbiz.de/10008529004