Showing 1 - 10 of 48
This paper documents the evidence for a productivity based model of the dollar/euro real exchange rate over the 1985 … the Johansen (1988) and Stock-Watson (1993) procedures. We find that each percentage point in the US-Euro area …
Persistent link: https://www.econbiz.de/10012469891
nineties and the puzzling decline of the euro during its virtual existence to changes in the demand for deutschmarks in eastern … the dollar and the weakness of the euro reflect the prosperity of the US and the weakness of the European economy on both …
Persistent link: https://www.econbiz.de/10012470368
To investigate how fuel economy is valued in the Indian car market, we compute the cost to Indian consumers of … hedonic price functions for four market segments (petrol hatchbacks, diesel hatchbacks, petrol sedans, and diesel sedans) to … associated present value of fuel savings falls within the 95 percent confidence interval for some specifications, in all market …
Persistent link: https://www.econbiz.de/10012461670
This paper examines the macroeconomic aftermath of the 1992 breakdown of the European Exchange Rate Mechanism (ERM). The economic performance of six leaver' nations is compared with five stayer' nations that maintained a roughly fixed parity with the Deutsche Mark. Recent writing about...
Persistent link: https://www.econbiz.de/10012471843
begins with an investigation of the actual extent of "pricing to market" by foreign suppliers. It shows that pricing to … market is a real phenomenon, but not universal; in particular, evidence on German export prices suggests that stickiness of …
Persistent link: https://www.econbiz.de/10012477148
This paper estimates, using data from the United States and Euro Area, a two-country stochastic growth model in which …
Persistent link: https://www.econbiz.de/10012461976
We introduce the real exchange rate volatility curve as a useful device to understand the role of price stickiness in accounting for deviations from the Law of One Price at the sector level. In the presence of both nominal and real shocks, the theory predicts that the real exchange rate...
Persistent link: https://www.econbiz.de/10012462574
This paper addresses three issues related to the relative rates of growth in the United States, the European Union, and China during the four decades between 2000 and 2040. The first concerns the source of the factors which make it likely that China will continue to grow at a high rate for...
Persistent link: https://www.econbiz.de/10012462930
, volatility has been historically higher and this has not changed in the last ten years. We also find that the aggregate euro area … and US observed developments. The gap between US and euro area GDP per capita level has been 30% on average since 1970 and …
Persistent link: https://www.econbiz.de/10012464118
the Euro Zone growing faster, and the U.S. moderating its growth -- would only make a modest contribution towards the …
Persistent link: https://www.econbiz.de/10012465752