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Empirical Estimation of Fiscal Multipliers in MENA Oil-Exporting Countries with an Application to Algeria

El Khdari, 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

Real Exchange Rate Appreciation in Emerging Markets : Can Fiscal Policy Help?

Moreno Badía, 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

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

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

Global Value Chains and the Exchange Rate Elasticity of Exports

Ahmed Hannan, Swarnali - 2016

This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some suggestive evidence that the elasticity of real manufacturing exports to the Real...

Persistent link: https://www.econbiz.de/10012999740

Portfolio Inflows and Real Effective Exchange Rates : Does the Sectorization Matter?

Ouedraogo, Rasmane - 2017

It has been well-established in the literature that portfolio inflows appreciate the real effective exchange rate. However, the literature lacks a systematic empirical analysis of the impact of portfolio inflows by institutional sector or borrower type. This paper fills this gapby exploring the...

Persistent link: https://www.econbiz.de/10012955170

Real Exchange Rate and External Balance : How Important are Price Deflators?

Ahn, JaeBin - 2017

This paper contrasts real exchange rate (RER) measures based on different deflators (CPI, GDP deflator, and ULC) and discusses potential implications for the link-or lack thereof-between RER and external balance. We begin by documenting patterns in the evolution of different measures of RERs,...

Persistent link: https://www.econbiz.de/10012956476

Exchange Rates and Trade : A Disconnect?

Leigh, Daniel - 2017

We examine the stability and strength of the relationship between exchange rates and trade over time using three alternative approaches, mitigating the endogeneity of the relation. We find that both exchange rate pass-through and the price elasticity of trade volumes are largely stable over...

Persistent link: https://www.econbiz.de/10012956490

Drivers of Peru's Equilibrium Real Exchange Rate : Is the Nuevo Sol a Commodity Currency?

Tashu, Melesse Minale - 2015

This paper tests the hypothesis of ‘commodity currency' on the nuevo sol and, more generally, identifies the drivers of Peru's equilibrium real exchange rate using a cointegration analysis. The results show that export commodity prices do not have a statistically significant impact on Peru's...

Persistent link: https://www.econbiz.de/10013026922

Real Exchange Rates, Economic Complexity, and Investment

Brito, Steve - 2018

We show that the response of firm-level investment to real exchange rate movements varies depending on the production structure of the economy. Firms in advanced economies and in emerging Asia increase investment when the domestic currency weakens, in line with the traditional Mundell-Fleming...

Persistent link: https://www.econbiz.de/10012913927