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Oomes, Nienke - 2009

This papers estimates the equilibrium exchange rate for Armenia using three different approaches: the purchasing power parity (PPP) approach, the behavioral equilibrium exchange rate (BEER) approach, and the external sustainability (ES) approach. All three approaches suggest that the dram was...

Persistent link: https://www.econbiz.de/10012677748

Do Interest Groups Affect U.S. Immigration Policy?

Mishra, Prachi - 2008

While anecdotal evidence suggests that interest groups play a key role in shaping immigration policy, there is no … combining information on the number of temporary work visas with data on lobbying activity associated with immigration. We find … robust evidence that both pro- and anti-immigration interest groups play a statistically significant and economically …

Persistent link: https://www.econbiz.de/10012677368

Macroeconomics of Migration in New Member States

Bems, Rudolfs - 2008

This paper examines the macroeconomic impact of migration on income convergence in the EU's New Member States (NMS). The paper focuses on cross-border mobility of labor and examines the implications for policymakers with the help of a general equilibrium model. It finds that cross-border labor...

Persistent link: https://www.econbiz.de/10012677689

Real Exchange Rates and Fundamentals; A Cross-Country Perspective

Ricci, Luca Antonio; Lee, Jaewoo; Milesi-Ferretti, … - International Monetary Fund (IMF) - 2008

of trade to estimate a panel cointegrating relationship between real exchange rates and a set of fundamentals for a …-based real exchange rate and commodity terms of trade. The estimated impact of productivity growth differentials between traded …

Persistent link: https://www.econbiz.de/10005825636

Predicting Emerging Market Currency Crashes

Perraudin, W. R. M.; Kumar, Manmohan S.; Moorthy, Uma - International Monetary Fund (IMF) - 2002

This paper assesses the extent to which crashes in emerging market currencies are predictable using simple logit models based on lagged macroeconomic and financial data. To evaluate our model, we calculate trading strategies in which an investor goes long or short in the currency depending on...

Persistent link: https://www.econbiz.de/10005825803

Trade in the WAEMU; Developments and Reform Opportunities

Weisfeld, Hans; Goretti, Manuela - International Monetary Fund (IMF) - 2008

This paper provides an overview of trade reform in the West African Economic and Monetary Union (WAEMU) since 1996 and … a quantitative assessment of potential effects on trade patterns and tariff revenue of the current reform agenda …. Despite evidence of significant trade complementarities within WAEMU, implementation of the union's current trade regime still …

Persistent link: https://www.econbiz.de/10005825805

Foreign Aid and Real Exchange Rate Adjustments in a Financially Constrained Dependent Economy

Turnovsky, Stephen J.; Tekin, Serpil; Cerra, Valerie - International Monetary Fund (IMF) - 2008

A dynamic dependent-economy model is developed to investigate the role of the real exchange rate in determining the effects of foreign aid. If capital is perfectly mobile between sectors, untied aid has no longrun impact on the real exchange rate. A decline in the traded sector occurs because...

Persistent link: https://www.econbiz.de/10005825842