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We estimate how the rate of pass-through from the exchange rate to domestic prices varies across states of the economy and depending on the shocks that drive fluctuations in the exchange rate. We confirm several results from the literature and uncover new facts. Drawing on the experience of a...
Persistent link: https://www.econbiz.de/10015059492
A Theoretical Framework -- Specifications and Assumptions -- Underlying Equilibrium Growth Paths -- Variations in Employment -- Some Important Implications -- Exchange Rate Overshooting -- Exchange Rate Determination -- Issues Regarding Exchange Rate Determination -- Time Series Properties of...
Persistent link: https://www.econbiz.de/10013521314
Mit der zunehmenden Fragmentierung der Automobilmärkte stellt sich die Frage, wie Kunden hybride Produkte, die auf zwei oder mehr bekannten Produktkategorien basieren, in ihre bestehende Wissensstruktur integrieren. Darüber hinaus ist interessant, welche Marketingmaßnahmen die kognitive...
Persistent link: https://www.econbiz.de/10014015249
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This book gives a comprehensive description of macroeconometric modeling and its development over time. The first part depicts the history of macroeconometric model building, starting with Jan Tinbergen's and Lawrence R. Klein's contributions. It is unique in summarizing the development and...
Persistent link: https://www.econbiz.de/10014016509
Studies the interactions between monetary and wage policies in the euro area. This book discusses the process of policy competition and the structure of policy cooperation. It also features numerical simulations of policy competition and numerical solutions to policy cooperation
Persistent link: https://www.econbiz.de/10013520641
This work examines the political economy of exchange-rate policies in the eastward expansion of the eurozone. Analysis … stabilization of the CEECs' convergence toward the EMU, and a successful eastward enlargement of the eurozone. …Examines the political economy of exchange-rate policies in the context of the eastward enlargement of the eurozone …
Persistent link: https://www.econbiz.de/10013520664
The creation of a single monetary currency and a single monetary policy in the euro area has faced extraordinary challenges, among them the design of suitable monetary policy instruments. This book evaluates monetary policy instruments of the Eurosystem against a number of requirements. To do...
Persistent link: https://www.econbiz.de/10013520716
Persistent link: https://www.econbiz.de/10013520780
This paper provides a general equilibrium analysis of the trade effects of the formation of a currency union, and of its subsequent enlargement to include an economically dissimilar country. Furthermore, it investigates how economic dissimilarities among countries affect the magnitude of the...
Persistent link: https://www.econbiz.de/10012677679