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Oil-price boom and real exchange rate appreciation : is there Dutch disease in the CEMAC?

Treviño, Juan Pedro - 2011

Persistent link: https://www.econbiz.de/10009419617

Managing the impact of resource booms on the real effective exchange rate : the role of financial sector development

Herderschee, Han; Li, Ran; Ouedraogo, Abdoulaye; … - 2021

Whereas most of the literature related to the so-called 'resource curse' tends to emphasize on institutional factors and public policies, in this research we focus on the role of the financial sector, which has been surprisingly overlooked. We find that countries that have financial systems with...

Persistent link: https://www.econbiz.de/10012518905

Oil-Price Boom and Real Exchange Rate Appreciation : Is there Dutch Disease in the Cemac?

Treviño, Juan P. - 2011

The paper employs a heuristic comparative approach suggested by Ismail (2009) to search for evidence of Dutch disease in oil-rich countries of the Central African Economic and Monetary Community (CEMAC). While these countries have benefitted from high international oil prices in recent years,...

Persistent link: https://www.econbiz.de/10014412166

The Macroeconomics of Medium-Term Aid Scaling-Up Scenarios

Portillo, Rafael - 2010

We develop a model to analyze the macroeconomic effects of a scaling-up of aid and assess the implications of different policy responses. The model features key structural characteristics of low-income countries, including varying degrees of public investment efficiency and a learning-by-doing...

Persistent link: https://www.econbiz.de/10014402924

Capital Inflows and the Real Exchange Rate : Can Financial Development Cure the Dutch Disease?

Saborowski, Christian - 2009

This paper argues that, in improving the efficient allocation of resources, financial sector development could dampen the appreciation effect of capital inflows. Using dynamic panel data techniques, the paper finds that the exchange rate appreciation effect of FDI inflows is indeed attenuated...

Persistent link: https://www.econbiz.de/10014403190

When and Why Worry About Real Exchange Rate Appreciation? : The Missing Link Between Dutch Disease and Growth

International Monetary Fund - 2010

We review the literature on Dutch disease, and document that shocks that trigger foreign exchange inflows (such as natural resource booms, surges in foreign aid, remittances, or capital inflows) appreciate the real exchange rate, generate factor reallocation, and reduce manufacturing output and...

Persistent link: https://www.econbiz.de/10014403243

Can international macroeconomic models explain low-frequency movements of real exchange rates?

Rabanal, Pau; Rubio-Ramírez, Juan Francisco - 2012

Persistent link: https://www.econbiz.de/10009423898

A Dynamic Model of Inflation for Kenya, 1974-1996

Ndung'u, Njuguna S. - 1999

This paper analyses the dynamics of inflation in Kenya during 1974–96, a period characterized by external shocks and internal disequilibria. By developing a parsimonious and empirically constant error correction model the paper finds that the exchange rate, foreign prices, and terms of trade...

Persistent link: https://www.econbiz.de/10014401118

Testing for Purchasing Power Parity in Cointegrated Panels

Lyhagen, Johan - 2007

PPP hypothesis using data for the G7 countries. This method is robust in several important dimensions relative to previous … cointegrating vectors. Our overall results are the same across all approaches: The strong PPP hypothesis is rejected in favour of … weak PPP with heterogenenous cointegrating vectors …

Persistent link: https://www.econbiz.de/10014401245

Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?

Rabanal, Pau - 2012

Real exchange rates exhibit important low-frequency fluctuations. This makes the analysis of real exchange rates at all frequencies a more sound exercise than the typical business cycle one, which compares actual and simulated data after the Hodrick-Prescott filter is applied to both. A simple...

Persistent link: https://www.econbiz.de/10014396942

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