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International financial integration and Real Exchange Rate long-run dynamics in emerging countries : some panel evidence
Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - 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/10003816542
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The real exchange rate and growth in Zimbabwe : does the currency regime matter?
Brixiova, Zuzana; Ncube, Mthuli - 2014
Zimbabwe faces growth and external competitiveness challenges, as indicated by its low trend growth and investment, declining share in the world exports, high current account deficits, and external debt. The stock-flow approach to the equilibrium exchange rate reveals that the real exchange rate...
Persistent link: https://www.econbiz.de/10010398776
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A global count of the extreme poor in 2012 : data issues, methodology and initial results
Ferreira, Francisco H. G.; Chen, Shaohua; Dabalen, Andrew; … - 2015
The 2014 release of a new set of purchasing power parity conversion factors (PPPs) for 2011 has prompted a revision of the international poverty line. In order to preserve the integrity of the goalposts for international targets such as the Sustainable Development Goals and the World Bank's twin...
Persistent link: https://www.econbiz.de/10011375987
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Global poverty goals and prices : how purchasing power parity matters
Jolliffe, Dean; Prydz, Espen Beer - 2015
With the recent release of the 2011 purchasing power parity (PPP) data from the International Comparison Program (ICP … previous round of PPP data from 2005 led to a large increase in the estimated number of poor in the world. The 2011 price data … suggest that developing countries' incomes in PPP-adjusted dollars are significantly higher than indicated by the 2005 PPP …
Persistent link: https://www.econbiz.de/10010528588
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Distributional effects of monetary policy in emerging market economies
Prasad, Eswar S.; Zhang, Boyang - 2015
We develop a two-sector, heterogeneous-agent model with incomplete financial markets to study the distributional effects and aggregate welfare implications of alternative monetary policy rules in emerging market economies. Relative to inflation targeting, exchange rate management benefits...
Persistent link: https://www.econbiz.de/10011309046
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Firm dynamics and real exchange rate fluctuations : does trade openness matter? ; evidence from Mexico's manufacturing sector
Fuentes, Miguel Andrés; Ibarrarán, Pablo - 2009
In this paper we study the effect of NAFTA on the responsiveness of Mexican economy to real exchange rate shocks. We argue that, by opening the U.S. and Canadian markets to Mexican goods, NAFTA made it easier for domestic producers to take advantage of the opportunities brought by the...
Persistent link: https://www.econbiz.de/10003904720
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The real exchange rate and external competitiveness in Egypt, Morocco and Tunisia
Brixiova, Zuzana; Égert, Balázs; Hadj Amor, Thouraya - 2013
Egypt, Morocco and Tunisia face challenges competing on the global markets, as shown by their relatively low and stagnant export shares. The limited export competitiveness has hampered external demand, growth and employment. Applying, for the first time to North Africa, the stock-flow approach...
Persistent link: https://www.econbiz.de/10010227730
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Informality and macroeconomic fluctuations
Fiess, Norbert M. (contributor); Fugazza, Marco (contributor) - 2008
This paper examines the adjustment of developing country labor markets to macroeconomic shocks. It models as having two sectors: a formal salaried (tradable) sector that may or may not be affected by union or legislation induced wage rigidities, and an informal (nontradable) self-employment...
Persistent link: https://www.econbiz.de/10003722146
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Employment and exchange rates : the role of openness and technology
Alexandre, Fernando; Bação, Pedro; Cerejeira, João; … - 2009
Real exchange rate movements are important drivers of the reallocation of resources between sectors of the economy. Economic theory suggests that the impact of exchange rates should vary with the degree of exposure to international competition and with the technology level. This paper...
Persistent link: https://www.econbiz.de/10003847163
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VC : a method for estimating time-varying coefficients in linear models
Schlicht, Ekkehart - 2020
This paper describes a moments estimator for a standard state-space model with coefficients generated by a random walk. A penalized least squares estimation is linked to the GLS (Aitken) estimates of the corresponding linear model with time-invariant parameters. The VC estimates are moments...
Persistent link: https://www.econbiz.de/10012161405