Similar Search Results

Exchange rate pass-through in an emerging market : the case of the Czech Republic

Hájek, Jan; Horváth, Roman - 2015

We examine exchange rate pass-through, or how domestic prices respond to exchange rate shocks, in the Czech Republic from 1998 to 2013 by employing vector autoregression models. Using the aggregate consumer price index and its sub-components, we find that the degree of passthrough is incomplete...

Persistent link: https://www.econbiz.de/10010529885

Exchange Rate Misalignment Estimates – Sources of Differences

Cheung, Yin-Wong - 2011

We study the differences in currency misalignment estimates obtained from alternative datasets derived from two International Comparison Program (ICP) surveys. A decomposition exercise reveals that the year 2005 misalignment estimates are substantially affected by the ICP price revision....

Persistent link: https://www.econbiz.de/10013119692

Exchange Rate Misalignments : A Comparison of China Today Against Recent Historical Experiences of Japan, Germany, Singapore and Taiwan

He, Xinhua - 2011

propagating inflation in the home economy …

Persistent link: https://www.econbiz.de/10013121272

Corporate Investment and the Exchange Rate : The Financial Channel

Banerjee, Ryan; Hofmann, Boris; Mehrotra, Aaron N. - 2021

Using firm-level data for 18 major global economies, we find that the exchange rate affects corporate investment through a financial channel: exchange rate depreciation dampens corporate investment through firm leverage and FX debt. These findings are consistent with the predictions of a...

Persistent link: https://www.econbiz.de/10013250472

Exchange Rate Fluctuations and the Financial Channel in Emerging Economies

Beckmann, Joscha; Comunale, Mariarosaria - 2021

This paper assesses the financial channel of exchange rate fluctuations for emerging countries and the link to the conventional trade channel. We analyze whether the effective exchange rate affects GDP growth, the domestic credit and the global liquidity measure as the credit in foreign...

Persistent link: https://www.econbiz.de/10013214255

Bilaterial Equilibrium Exchange Rates of EU Accession Countries Against the Euro

Rahn, Jörg - 2007

We apply BEER and PEER approaches to calculate real equilibrium exchange rates for five EU accession countries in central and east Europe. Bilateral nominal equilibrium exchange rates against the euro are obtained through algebraic transformation of the results. Panel cointegration techniques...

Persistent link: https://www.econbiz.de/10014224092

The Czech exchange rate floor: depreciation without inflation?

Baxa, Jaromír; Šestořád, Tomáš - 2019

, output growth resumed but inflation remained low. Consequently, the Czech National Bank did not return policy to normal for …, suggesting limited potential effects of the exchange rate commitment on inflation. On the other hand, the pass-through to output … exchange rate commitment on inflation expectations when not paired with temporary price-level targeting. Moreover, we highlight …

Persistent link: https://www.econbiz.de/10012005743

The Pass-Through to Consumer Prices in CIS Economies : The Role of Exchange Rates, Commodities and Other Common Factors

Comunale, Mariarosaria - 2019

This empirical study considers the pass-through of key nominal exchange rates and commodity prices to consumer prices in the Commonwealth of Independent States (CIS), taking into account the effect of idiosyncratic and common factors influencing prices. In order to do that, given the...

Persistent link: https://www.econbiz.de/10012902683

Quantifying the effects of the CNB's exchange rate commitment : a synthetic control method approach

Opatrny, Matej - 2016

appreciating that were put in place in 2013. I focus its on the impact on output, unemployment, and inflation. I use the synthetic … connected to disturbances created by changes in excise taxes. The effect of the commitment on inflation is positive but not …

Persistent link: https://www.econbiz.de/10011515767

Exchange and Interest Rate Channels During a Deflationary Era - Evidence from Japan, Hong Kong and China

Mehrotra, Aaron N. - 2007

We examine the role of the exchange and interest rate channels during recent deflation episodes in Japan, Hong Kong and China. We estimate open-economy structural vector autoregressive (SVAR) models for the three economies with different monetary regimes and varying degrees of openness. In both...

Persistent link: https://www.econbiz.de/10014225267