Showing 1 - 10 of 304
the face of asymmetric shocks. Exit from the euro area is to regain rapidly international competitiveness. Exchange rate …
Persistent link: https://www.econbiz.de/10013089423
We use a new dataset on non-resource GDP to examine the impact of commodity price volatility on economic growth in a panel of up to 158 countries during the period 1970-2007. Our main finding is that commodity price volatility leads to a significant increase in non-resource GDP growth in...
Persistent link: https://www.econbiz.de/10013092229
The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries using time series data from 1980 to 2004. We first estimate a panel data model (using fixed and random effects) for the real exchange rate, with different model specifications, in...
Persistent link: https://www.econbiz.de/10013142797
The paper investigates the impact of exchange rate volatility on growth in Emerging Europe and East Asia. Exchange stability has been argued to affect growth negatively as it deprives countries from the ability to react in a flexible way to asymmetric real shocks and may enhance the probability...
Persistent link: https://www.econbiz.de/10013317017
Persistent link: https://www.econbiz.de/10011508566
This paper takes stock of the economic performance of resource rich countries in the Middle East and North Africa (MENA) over the past forty years. While those countries have maintained high levels of income per capita, they have performed poorly when going beyond the assessment based on...
Persistent link: https://www.econbiz.de/10013090950
Persistent link: https://www.econbiz.de/10012299796
This paper merges two branches of the literature. On one hand we study a heterogeneous agents framework to model exchange rates and stock prices. On the other hand we model the relationship between these two series through a DSGE model. Investors choose one of two rules to form their...
Persistent link: https://www.econbiz.de/10013080731
, namely the US, the UK, Canada, Japan, the euro area, and Switzerland, using data on the banking crisis between 2007 and 2010 … changes in the US and the UK, in the opposite direction in Canada, and of bidirectional spillovers in the euro area and … direction in the euro area and Switzerland, whilst there is evidence of bidirectional feedback in the US and Canada. These …
Persistent link: https://www.econbiz.de/10013083258
Persistent link: https://www.econbiz.de/10011454204