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Testing for nonlinearity of exchange rates: an information-theoretic approach
Zhang, Yuqin; Soofi, Abdol S.; Wang, Shouyang - In: Journal of Economic Studies 38 (2011) November, pp. 637-657
Purpose – This study seeks to explore the nature of a data-generating process for four dollar exchange rates. Design/methodology/approach – Using a discrete parametric modeling approach, an efficient test statistic was computed for nonlinearity in terms of variance of the residuals of the...
Persistent link: https://www.econbiz.de/10010814540
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Exchange rate effects on trade in services
Pattichis, Charalambos - In: Journal of Economic Studies 39 (2012) 6, pp. 697-708
Purpose – The purpose of this paper is to use disaggregated data on US-UK trade to investigate the effects of exchange rate depreciation on trade in services both in the short- and long-run. Design/methodology/approach – The paper focuses on the three traditional categories of...
Persistent link: https://www.econbiz.de/10010616615
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The J- and S-curves: a survey of the recent literature
Bahmani-Oskooee, Mohsen; Hegerty, Scott W. - In: Journal of Economic Studies 37 (2010) September, pp. 580-596
Purpose – Since the introduction of the concepts of the J- and S-curves, many researchers have tried to verify their validity empirically. This paper aims to review the related papers and to offer direction for future research. Design/methodology/approach – This is a review paper. As such,...
Persistent link: https://www.econbiz.de/10009143642
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Conflict inflation: an open economy approach
Vera, Leonardo - In: Journal of Economic Studies 37 (2010) September, pp. 597-615
Purpose – This paper seeks to draw together the various essential elements of the conflict inflation approach within … the context of an open economy and to highlight the importance of global external factors in explaining inflation. Design … conflicting claims equilibrium and inflation. Finally, it provides analytical reasons for believing that the focus of …
Persistent link: https://www.econbiz.de/10010610878
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Has the link between inflation uncertainty and interest rates changed after inflation targeting?
Mallik, Girijasankar; Bhar, Ramprasad - In: Journal of Economic Studies 38 (2011) November, pp. 620-636
Purpose – The purpose of this paper is to establish a link between inflation uncertainty and interest rates for five … inflation-targeting countries. Design/methodology/approach – The approach takes the form of a time-varying parameter model with … and structural uncertainty. Findings – This study attempts to establish a link between inflation uncertainty and interest …
Persistent link: https://www.econbiz.de/10010814543
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Monetary policy rules for Indonesia: which type is the most efficient?
Wimanda, Rizki E.; Turner, Paul M.; Hall, Maximilian J.B. - In: Journal of Economic Studies 39 (2012) 4, pp. 469-484
rules, an inflation forecast-based rule with contemporaneous output gap (IFBG) is found to be the most efficient rule for … Indonesia. The rule suggests that the central bank should react strongly to inflation deviations from the target, react …
Persistent link: https://www.econbiz.de/10010616636
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Exchange rate fluctuations and macroeconomic performance
Yildirim, Zekeriya; Ivrendi, Mehmet - In: Journal of Economic Studies 43 (2016) 5, pp. 678-698
The results show that exchange rate depreciation typically generates a deep recession and high inflation while improving … exchange rate shock) plays a limited role in mitigating the negative effects of depreciation on inflation and economic activity …
Persistent link: https://www.econbiz.de/10014863980
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Financial system stress and unemployment in industrial countries
Feldmann, Horst - In: Journal of Economic Studies 38 (2011) November, pp. 504-527
Purpose – This paper aims to analyze how financial system turmoil affected unemployment in industrial countries during the period 1982 to 2003. Design/methodology/approach – The paper uses annual data on 17 industrial countries. It employs the International Monetary Fund's financial stress...
Persistent link: https://www.econbiz.de/10010814569
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Effect of inflationary expectations on stock market returns in Nigeria
Iwegbu, Onyebuchi; Adeoye, Babatunde Wasiu - In: Journal of Economic Studies 17 (2020) 1, pp. 27 – 42
market returns in Nigeria. The study concludes that stocks do not hedge over inflation as expectations built up by agents in …
Persistent link: https://www.econbiz.de/10012290381
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Dynamics of fiscal and current account deficits in Thailand: an empirical investigation
Baharumshah, Ahmad Zubaidi; Lau, Evan - In: Journal of Economic Studies 34 (2007) November, pp. 454-475
Purpose – The purpose of this paper is to contribute further on the twin deficits debate in a developing economy. Design/methodology/approach – The data for Thailand over three decades are used as a case study. Findings – The major findings are: first, a stable, long-run equilibrium...
Persistent link: https://www.econbiz.de/10005081191