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Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria
Elkhdari, Maria - 2018
At a time when Algeria must undertake considerable fiscal consolidation to restore sustainability, the issueof fiscal … multipliers has come to the fore. This paper estimates short-term and long-term fiscal multipliersfor Algeria applying several … econometric methodologies, including Local Projection Methodology andVector Autoregressive Models, and using both Algeria …
Persistent link: https://www.econbiz.de/10012913901
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Real Exchange Rate Appreciation in Emerging Markets : Can Fiscal Policy Help?
Moreno Badia, Marialuz - 2014
A number of emerging markets have experienced substantial real exchange rate appreciationin recent years, generating concerns about competitiveness and prompting policymakers torespond with a combination of mitigating policies. This paper shows that fiscal policy can play a role in alleviating...
Persistent link: https://www.econbiz.de/10013059856
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Fiscal Policy and the Real Exchange Rate
Chatterjee, Santanu - 2012
Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the real exchange rate. Using a two-sector dependent open economy model with...
Persistent link: https://www.econbiz.de/10013110088
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Unemployment and Labor Market Issues in Algeria
Furceri, Davide - 2012
The aim of this paper is to analyze unemployment and labor market developments in Algeria and assess the factors that … improvement in labor market conditions in Algeria would be key in reducing unemployment both in the short- and medium-term …
Persistent link: https://www.econbiz.de/10013107069
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Drivers of Growth : Evidence from Sub-Saharan African Countries
Ghazanchyan, Manuk - 2013
This study examines the drivers of growth in Sub-Saharan African countries, using aggregate data, from the past decade. We correlate recent growth experience to key determinants of growth, including private and public investment, government consumption, the exchange regime and real exchange...
Persistent link: https://www.econbiz.de/10013071368
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Global Value Chains and External Adjustment : Do Exchange Rates Still Matter?
Adler, Gustavo - 2020
The paper explores how international integration through global value chains shapes the working of exchange rates to induce external adjustment both in the short and medium run. The analysis indicates that greater integration into international value chains reduces the exchange rate elasticity...
Persistent link: https://www.econbiz.de/10012843296
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Long-Run Exchange Rate Modeling : A Survey of the Recent Evidence
MacDonald, Ronald - 2008
In this paper we survey the recent literature on long run, or equilibrium, exchange rate modeling. In particular, we review the voluminous literature which tests for a unit root in real exchange rates and the closely related work on testing for a unit root in the residual from a regression of...
Persistent link: https://www.econbiz.de/10012774288
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Export Performance and External Competitiveness in the Former Yugoslav Republic of Macedonia
Gutiérrez, Eva - 2007
This paper reviews a broad set of indicators of competitiveness in the Macedonian economy and estimates the equilibrium real effective exchange rate (REER) using different methodologies. Although the REER is broadly in equilibrium at present, structural factors are found to hamper...
Persistent link: https://www.econbiz.de/10012777968
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Competitiveness in Bulgaria : An Assessment of the Real Effective Exchange Rate
Chobanov, Dimitar - 2007
This paper presents an empirical analysis of the medium and long-term determinants of the real (effective) exchange rate (RER) of the Bulgarian lev using elements from the natural real exchange rate (NATREX) and the behavioral equilibrium exchange rate (BEER) approaches. The results indicate...
Persistent link: https://www.econbiz.de/10012778609
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To Smooth or Not to Smooth - the Impact of Grants and Remittances on the Equilibrium Real Exchange Rate in Jordan
Petri, Martin - 2006
This paper estimates the effect of grants and workers' remittances on Jordan's long-term equilibrium real exchange rate. We estimate an equilibrium path for the Jordanian real exchange rate using the Johansen cointegration methodology over the period 1964 to 2005. Controlling for other...
Persistent link: https://www.econbiz.de/10012779036