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The law of one food price
Clements, Kenneth W.; Si, Jiawei; Long Hai Vo - 2019
Persistent link: https://www.econbiz.de/10012207562
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The ICP, PPP and household expenditure patterns
Clements, Kenneth W.; Lan, Yihui; Liu, Haiyan; Long Hai Vo - 2022
Persistent link: https://www.econbiz.de/10013540600
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International investment positions and exchange rate dynamics
Binder, Michael; Offermanns, Christian J. - 2014
We revisit medium- to long-run exchange rate determination, focusing on the role of international investment positions. To do so, we make use of a new econometric framework accounting for conditional long-run homogeneity in heterogeneous dynamic panel data models. In particular, in our model the...
Persistent link: https://www.econbiz.de/10010414236
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International comparisons of real military purchasing power : a global database
Robertson, Peter E. - 2019
Persistent link: https://www.econbiz.de/10012208232
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Equilibrium real exchange rate estimates across time and space
Fischer, Christoph - 2019
estimation method used to derive them. Essentially, these methods differ in their treatment of the time-series (time) and the … cross-section (space) variation in the panel. The study shows that conventional panel estimation methods (pooled OLS, fixed … literature to show that the distortion is generally very large. This suggests the use of the CRE model for the panel estimation …
Persistent link: https://www.econbiz.de/10011998982
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Anatomy of regional price differentials : evidence from micro price data
Weinand, Sebastian; Auer, Ludwig von - 2019
Over the last three decades the supply of economic statistics has vastly improved. Unfortunately, statistics on regional price levels (sub-national purchasing power parities) have been exempt from this positive trend, even though they are indispensable for meaningful spatial comparisons of...
Persistent link: https://www.econbiz.de/10011965163
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A non-linear multivariate model of the UK real exchange rate
Milas, Costas - 2001
Persistent link: https://www.econbiz.de/10001636887
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On the degree of homogeneity in dynamic heterogeneous panel data models
Offermanns, Christian J. - 2014
We propose a semi-parametric approach to heterogeneous dynamic panel data modelling. The method generalizes existing approaches to model cross-section homogeneity within such panels. It allows for partial influence of other cross-section units on estimated coefficients, differentiating between...
Persistent link: https://www.econbiz.de/10010414225
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Exchange rate depreciations and local business cycles : the role of bank loan supply
Beck, Thorsten; Bednarek, Peter; Kaat, Daniel Marcel te; … - 2021
This paper uses matched bank-firm-level data and the 2014 depreciation of the euro to show that exchange rate depreciations lead to increased bank loan supply of large banks with significant net foreign asset exposure. This increase in lending can be explained by a shift in credit towards both...
Persistent link: https://www.econbiz.de/10012792736
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Do exchange rates absorb demand shocks at the ZLB?
Hoffmann, Mathias; Hürtgen, Patrick - 2021
According to the two-country full information New Keynesian model with flexible exchange rates, the real exchange rate appreciates in response to an asymmetric negative demand shock at the zero lower bound (ZLB) and exacerbates the adverse macroeconomic effects. This finding requires inflation...
Persistent link: https://www.econbiz.de/10012510174