Narrow search
Showing 1 - 10 of 533
Cover Image
Determinants of firm profitability in Colombia’s manufacturing sector : exchange rate or structural?
Griffin, Naomi N. - 2015
Persistent link: https://www.econbiz.de/10011281180
Cover Image
Determinants of Firm Profitability in Colombia’s Manufacturing Sector : Exchange Rate or Structural?
Griffin, Naomi - 2015
The appreciation of the real exchange rate over the past several years is considered one of the key drivers behind the weak performance of Colombia’s manufacturing sector in recent years. This paper examines the effects of the real exchange rate, external and domestic demand, and structural...
Persistent link: https://www.econbiz.de/10014412098
Cover Image
Financial Liberalization, Structural Change, and Real Exchange Rate Appreciations
Meza, Felipe - 2010
We account for the appreciation of the real exchange rate in Mexico between 1988 and 2002 using a two sector dynamic general equilibrium model of a small open economy with two driving forces: (i) differential productivity growth across sectors and (ii) a decline in the cost of borrowing in...
Persistent link: https://www.econbiz.de/10014402822
Cover Image
Is the Parallel Market Premium a Reliable Indicator of Real Exchange Rate Misalignment in Developing Countries
Ostry, Jonathan David - 1993
It is often argued that the parallel market premium is a useful indicator of real exchange rate misalignment in developing countries. The empirical evidence does not, however, suggest the existence of a robust correlation between these two endogenous variables that is independent of the nature...
Persistent link: https://www.econbiz.de/10014396125
Cover Image
External Shocks and Inflation in Developing Countries Under a Real Exchange Rate Rule
Ostry, Jonathan David - 1992
This paper shows that the response of inflation to external shocks is very different when the authorities target the real exchange rate than when they follow a fixed exchange rate or a preannounced crawling peg. Specifically, shocks that would have no effect on the steady-state inflation rate...
Persistent link: https://www.econbiz.de/10014396522
Cover Image
Current Account and Real Exchange Rate Dynamics in the G-7 Countries
Chinn, Menzie David - 2002
The canonical predictions of intertemporal open-economy macro models are tested by a structural VAR analysis of Group of Seven countries. The analysis is distinguished from the previous literature in that it adopts minimal assumptions for identification. Consistent with a large set of...
Persistent link: https://www.econbiz.de/10014399571
Cover Image
The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990's?
Hunt, Ben - 2003
between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the … second half of the 1990s. The paper concludes that the Balassa-Samuelson effect of such a productivity shock is only part of … the story. A second shock, a broadly defined “risk premium” shock, and some uncertainty about the persistence of both …
Persistent link: https://www.econbiz.de/10014399692
Cover Image
Real Exchange Rates and Productivity : Closed-Form Solutions and Some Empirical Evidence
Begum, Jahanara - 2000
This paper examines the impact of productivity shocks on real exchange rate fluctuations in a dynamic international general equilibrium model with nontraded goods. The model predicts a close association between relative technology shocks and bilateral real exchange rate movements. Empirical...
Persistent link: https://www.econbiz.de/10014399831
Cover Image
China : Sources of Real Exchange Rate Fluctuations
Wang, Tao - 2004
This paper reviews the evolution of China''s real effective exchange rate between 1980 and 2002, and uses a structural vector autoregression model to study the relative importance of different types of macroeconomic shocks for fluctuations in the real exchange rate. The structural decomposition...
Persistent link: https://www.econbiz.de/10014404124
Cover Image
External Shocks, the Real Exchange Rate, and Tax Policy
Tokarick, Stephen - 1994
This paper uses a computable general equilibrium model of the economy of Trinidad and Tobago to assess the effects of trade liberalization and terms-of-trade shocks on the real exchange rate and the overall fiscal position of the government. The model is also used to evaluate the implications of...
Persistent link: https://www.econbiz.de/10014398103