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Price-setting and exchange rate pass-through in the Mexican economy : evidence from CPI micro data

Kochen, Federico; Sámano, Daniel - 2016

allows us to evaluate the anchoring of inflation expectations in the Mexican economy. To address this issue, in this paper we …

Persistent link: https://www.econbiz.de/10011523612

Investigating the Balassa-Samuelson Hypothesis in Transition : Do We Understand What We See?

Égert, Balázs - 2007

economies during the period 1991:Q1 to 2001:Q2. However, productivity growth does not fully translate into price in-creases due … to the structure of CPI indexes. We thus argue that productivity growth will not hinder the ability of the five EU … accession candidates to meet the Maastricht criterion on inflation in the medium term. Moreover, the observed appreciation of …

Persistent link: https://www.econbiz.de/10014224061

Endogenous trade, nontraded goods and real exchange rate variations

Hernández, Marco A. - 2015

This paper evaluates whether a macroeconomic trade model, where the decision of trade and the Balassa-Samuelson effect are endogenous, can explain recent empirical facts about the importance of nontraded goods prices in real exchange rate variations better than a standard Balassa- Samuelson...

Persistent link: https://www.econbiz.de/10010500819

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

Truths and Myths About RMB Misalignment : A Meta-Analysis

Cheung, Yin-Wong - 2019

We conduct a meta-regression analysis of 69 studies that generated 937 renminbi (RMB) misalignment estimates. The Bayesian Model Averaging (BMA) approach is adopted to allow for model selection and sampling uncertainties in assessing effects of study characteristics on these RMB misalignment...

Persistent link: https://www.econbiz.de/10012891475

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

Equilibrium Exchange Rates in Oil-Dependent Countries

Korhonen, Iikka; Juurikkala, Tuuli - 2007

We assess the determinants of equilibrium real exchange rates in a sample of oil-dependent countries. Our basic data cover OPEC countries from 1975 to 2005. We also include three oil-producing Commonwealth of Independent States (CIS) countries in our robustness analysis. Utilising several...

Persistent link: https://www.econbiz.de/10014225424