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The case for higher frequency inflation expectations
Guzman, Giselle C. - Volkswirtschaftliche Fakultät, … - 2011
I present evidence that higher frequency measures of inflation expectations outperform lower frequency measures of inflation expectations in tests of accuracy, predictive power, and rationality. For decades, the academic literature has focused on three survey measures of expected inflation: the...
Persistent link: https://www.econbiz.de/10009650037
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Modeling the Open Macro-Economy of Vietnam
Lord, Montague J. - Volkswirtschaftliche Fakultät, … - 1998
The present macroeconomic model aims to provide a theory-consistent representation of the general structure of the Viet Nam economy and, as such, it offers real and financial sector forecasting and policy simulation capabilities targeted to the needs of the State Bank of Viet Nam. The model...
Persistent link: https://www.econbiz.de/10011109153
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Purchasing Power Parity and Real Exchange Rate in Japan
Long, Dara - Volkswirtschaftliche Fakultät, … - 2008
This paper examines the validity of both the short-run and long-run purchasing power parity (PPP) hypotheses in Japan … long-run. On the other hand, from the second test, we found that there is a strongly robust long-run PPP relationship but … no significant short-run PPP relationship. Furthermore, unlike the previous literature, this paper confirms the stability …
Persistent link: https://www.econbiz.de/10005837518
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Le comportement des taux de change réels européens de la fin Bretton Woods à l’adoption de l’euro
Rey, Serge; Varachaud, Pascal - Volkswirtschaftliche Fakultät, … - 2000
This article examines the PPP hypothesis, i.e. the proposition that the real exchange rates are stationary, in the case … prices and unit labor costs. The results of unit-root tests show that globally there is little evidence to support PPP, i … PPP with consumer prices is only verified between France and Germany. Whether the country is a member of the snake and …
Persistent link: https://www.econbiz.de/10011111344
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Oil Prices and Real Exchange Rates in Oil-Exporting Countries: A Bounds Testing Approach
Jahan-Parvar, Mohammad R.; Mohammadi, Hassan - Volkswirtschaftliche Fakultät, … - 2008
We test the validity of the Dutch disease hypothesis by examining the relationship between real oil prices and real exchange rates in a sample of fourteen oil exporting countries. Autoregressive distributed lag (ARDL) bounds tests of cointegration support the existence of a stable relationship...
Persistent link: https://www.econbiz.de/10005790126
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The Impact of Real Effective Exchange Rate on the Non-oil Export: The Case of Azerbaijan
Fakhri, Hasanov - Volkswirtschaftliche Fakultät, … - 2010
The paper investigates the impact of the real exchange rate on non-oil exports in Azerbaijan by applying Vector Error Correction Model. The estimation results suggest that real exchange rate of manat has negative impact on non-oil export performance while non-oil GDP affects positively in the...
Persistent link: https://www.econbiz.de/10008871145
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The impact of real oil price on real effective exchange rate: The case of Azerbaijan
Hasanov, Fakhri - Volkswirtschaftliche Fakultät, … - 2010
Using quarterly data from 2000-2007 and applying Error Correction Model and Johansen Co- integration Approaches I estimate the impact of real oil price on the real exchange rate of Azerbaijani manat. Estimation outputs derived from these approaches are very close to each other and indicate that...
Persistent link: https://www.econbiz.de/10009322649
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Efectos del incremento del precio del petróleo en la economía española: Análisis de cointegración y de la política monetaria mediante reglas de Taylor
Hernandez Martinez, Fernando - Volkswirtschaftliche Fakultät, … - 2009
The main purpose of this paper is to show evidence about the negative impact of oil price shocks in the economy of Spain. Since oil demand is continuously increasing all around the world and OPEC countries use to act having certain power to raise them, it is necessary to study how these price...
Persistent link: https://www.econbiz.de/10008578252
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Structural Break, Nonlinearity, and Asymmetry: A re-examination of PPP proposition
Omay, Tolga; Hasanov, Mubariz; Emirmahmutoglu, Furkan - Volkswirtschaftliche Fakultät, … - 2014
PPP proposition holds in majority of the European countries examined in this paper. …
Persistent link: https://www.econbiz.de/10011184599
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REAL EXCHANGE RATE AND ECONOMIC GROWTH: TURKEY
Ugurlu, Erginbay - Volkswirtschaftliche Fakultät, … - 2006
This paper assesses the relationship with real exchange rate and growth using quarterly data of 1989:Q1-2005:Q2. Two groups of models are used in the study that is held. The first model, which was considered as the core model RER, PPI, and GDP, are involved whereas import and export are added on...
Persistent link: https://www.econbiz.de/10011108920