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is one indicator consistently outperforming the other in terms of explaining and forecasting euro area exports. This …
Persistent link: https://www.econbiz.de/10011604879
This study examines the marginal effects of traditional determinants of exports and imports with a focus on the role of … harmonised competitiveness indicators (HCIs) on both exports and imports of both goods and services across individual euro area … exceptions) on exports of goods. Exports of services are sensitive to HCIs in big euro area countries and Slovakia, where exports …
Persistent link: https://www.econbiz.de/10013047096
Persistent link: https://www.econbiz.de/10011604313
The international welfare effects of a country's monetary policy shocks have been controversial in the new open economy macro (i.e., NOEM) literature. While a unilateral monetary expansion increases the production efficiency in each country, it affects the terms of trade in favor of one country...
Persistent link: https://www.econbiz.de/10011604401
disentangle instances when this constitutes a natural phenomenon associated with a process of financial development and innovation …
Persistent link: https://www.econbiz.de/10011605140
The impact of currency collapses (i.e. large nominal depreciations or devaluations) on real output remains unsettled in the empirical macroeconomic literature. This paper provides new empirical evidence on this relationship using a dataset for 108 emerging and developing economies for the period...
Persistent link: https://www.econbiz.de/10011605272
This paper quantifies the pass-through of a US dollar appreciation on trade variables and domestic financial conditions in a panel of 34 countries. Pass-through coefficients are highly shock-dependent: if the appreciation is driven by a US expansionary shock, the positive effects of stronger...
Persistent link: https://www.econbiz.de/10014278393
disentangle instances when this constitutes a natural phenomenon associated with a process of financial development and innovation …
Persistent link: https://www.econbiz.de/10013156232
The impact of currency collapses (i.e. large nominal depreciations or devaluations) on real output remains unsettled in the empirical macroeconomic literature. This paper provides new empirical evidence on this relationship using a dataset for 108 emerging and developing economies for the period...
Persistent link: https://www.econbiz.de/10013141498
This paper quantifies the pass-through of a US dollar appreciation on trade variables and domestic financial conditions in a panel of 34 countries. Pass-through coefficients are highly shock-dependent: if the appreciation is driven by a US expansionary shock, the positive effects of stronger...
Persistent link: https://www.econbiz.de/10013403806