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Soft Power and Exchange Rate Volatility
Cevik, Serhan - 2015
, institutional, political and social underpinnings to uncover the “missing” determinants of exchange rate volatility over time and … volatility, especially in emerging market economies. After controlling for standard macroeconomic factors, we find that the “soft … exchange rate volatility across countries …
Persistent link: https://www.econbiz.de/10013024431
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The Imf's Reserves Template and Nominal Exchange Rate Volatility
Cady, John - 2007
exchange rate volatility are investigated for 48 countries. Estimation of panel data models indicates that nominal exchange … rate volatility decreases following dissemination of reserves template data while the effects of indebtedness and reserve … adequacy on volatility exhibit statistically significant changes …
Persistent link: https://www.econbiz.de/10012777957
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Testing the Prebisch-Singer Hypothesis Since 1650 : Evidence from Panel Techniques that Allow for Multiple Breaks
Arezki, Rabah - 2013
secular trend and the short run volatility. To do so, we employ 25 series, some of them starting as far back as 1650 and … investigating the dynamics of the volatility of the 25 relative primary commodity prices also allowing for endogenous multiple … breaks. We describe the often time-varying volatility in commodity prices and show that it has increased in recent years …
Persistent link: https://www.econbiz.de/10013076320
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The Drivers, Implications and Outlook for China's Shrinking Current Account Surplus
Deb, Pragyan - 2019
China's current account surplus has declined significantly from its peak in 2008 and the external position in 2018 was in line with medium-term fundamentals and desirable policies. While cyclical factors and expansionary credit and fiscal policies contributed, the trend decline has been largely...
Persistent link: https://www.econbiz.de/10012858380
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The Negative Mean Output Gap
Aiyar, Shekhar S. - 2019
We argue that in an economy with downward nominal wage rigidity, the output gap is negative on average. Because it is more difficult to cut wages than to increase them, firms reduce employment more during downturns than they increase employment during expansions. This is demonstrated in a simple...
Persistent link: https://www.econbiz.de/10012862445
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Price Statistics Compilation in 196 Economies : The Relevance for Policy Analysis
Berry, Francien - 2019
The consumer price index (CPI) is a key economic indicator used to gauge inflation, adjust wages, pensions, and social benefits. The producer prices index (PPI) is used for forecasting and deflating GDP estimates. Both indexes are used by the Fund, policymakers, and researchers for global,...
Persistent link: https://www.econbiz.de/10012864105
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Decomposing the Inflation Dynamics in the Philippines
Guo, Si - 2019
Inflation rates rose sharply in the Philippines during 2018. Understanding the demand and supply sources of inflation pressures is key to monetary policy response. Qualitatively, indicators have pointed to evidence of inflation pressures from both sides in 2018, with the supply factors, by and...
Persistent link: https://www.econbiz.de/10012864114
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Monetary Policy Transmission in Emerging Markets and Developing Economies
Brandao-Marques, Luis - 2020
Central banks in emerging and developing economies (EMDEs) have been modernizing their monetary policy frameworks, often moving toward inflation targeting (IT). However, questions regarding the strength of monetary policy transmission from interest rates to inflation and output have often...
Persistent link: https://www.econbiz.de/10012839314
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Measuring Output Gap : Is it Worth Your Time?
Chen, Jiaqian - 2020
We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering...
Persistent link: https://www.econbiz.de/10012839682
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Accounting for Cloud Computing in the National Accounts
Baer, Andrew - 2020
Digitalization and the innovative use of digital technologies is changing the way we work, learn, communicate, buy and sell products. One emerging digital technology of growing importance is cloud computing. More and more businesses, governments and households are purchasing hardware and...
Persistent link: https://www.econbiz.de/10012826022