Narrow search
Showing 1 - 10 of 74
Cover Image
Is the Exchange Rate a Shock Absorber? : The Case of Sweden
Thomas, Alun - 1997
determinants of movements in Sweden’s real exchange rate. It finds that, while (supply and demand) shocks account for over 60 … account for a higher fraction of these real shocks in Sweden than in those core countries. If real demand shocks result from … controllable macroeconomic policies, the cost of relinquishing the exchange rate is no higher, and may be lower, for Sweden than …
Persistent link: https://www.econbiz.de/10014403334
Cover Image
IMF applications of purchasing power parity estimates
Silver, Mick S. - 2010
Persistent link: https://www.econbiz.de/10009424398
Cover Image
Explaining Episodes of Growth Accelerations, Decelerations, and Collapses in Western Africa
Salinas, Gonzalo - 2008
The growth literature has had problems explaining the ""sub-Saharan African growth dummy"" in cross-country regressions. Instead of taking the usual approach of focusing on long-run growth and assuming that sub-Saharan countries have homogenous parameters in growth regressions, we concentrate...
Persistent link: https://www.econbiz.de/10014401327
Cover Image
Temporary Import Tariffs, the Real Exchange Rate and the Current Account
International Monetary Fund - 1988
In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how the imposition of a temporary import tariff affects the path of real exchange rates and the current account. The model is completely real, and considers a small open...
Persistent link: https://www.econbiz.de/10014395800
Cover Image
Fiscal Policy, the Real Exchange Rate and Commodity Prices
Reinhart, Carmen M. - 1990
The role of the international commodity market in transmitting disturbances is considered in a model that incorporates commodities as an input in production. The analysis employs a three-country framework: a liquidity-constrained commodity supplier and two industrial countries that import the...
Persistent link: https://www.econbiz.de/10014396018
Cover Image
Real Exchange Rates and the Prices of Nontradable Goods
Micossi, S. - 1994
This paper attempts to provide a perspective on real exchange rate developments following the inception of the EMS. The focus is on structural determinants of real exchange rates, notably the behavior of tradables and nontradable prices and productivity. It is found that changes in the relative...
Persistent link: https://www.econbiz.de/10014396038
Cover Image
Terms of Trade Disturbances, Real Exchange Rates, and Welfare : The Role of Capital Controls and Labor Market Distortions
International Monetary Fund - 1989
Many arguments that have been advanced in favor of maintaining capital controls within the EC have not paid sufficient attention to the welfare consequences of this type of market intervention. Our paper provides a simple, optimizing framework in which the welfare consequences of capital...
Persistent link: https://www.econbiz.de/10014396039
Cover Image
The Balance of Trade, the Terms of Trade, and the Real Exchange Rate : An Intertemporal Optimizing Framework
International Monetary Fund - 1988
This paper uses an intertemporal optimizing model of a small open economy to analyze how terms of trade changes affect real exchange rates and the trade balance. We consider temporary current, anticipated future, and permanent changes in the terms of trade. The results suggest that the...
Persistent link: https://www.econbiz.de/10014396150
Cover Image
Real Exchange Rate Targeting Under Capital Controls : Can Money Provide a Nominal Anchor?
Montiel, Peter - 1991
This paper examines the issue of whether the money supply can serve as a nominal anchor for the domestic price level under real exchange rate targeting. When capital controls are perfect so that there is complete separation between official and unofficial markets for foreign exchange, the...
Persistent link: https://www.econbiz.de/10014396196
Cover Image
Stock Prices, Real Exchange Rates, and Optimal Capital Accumulation
International Monetary Fund - 1988
This paper analyzes the dynamics of the real exchange rate and the price of equity for a small open economy using an optimizing model in which the process of capital accumulation entails adjustment costs. The analysis demonstrates that along an adjustment path toward long-run equilibrium,...
Persistent link: https://www.econbiz.de/10014396304