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methodological issues and a panel cointegration perspective
Maeso-Fernandez, Francisco; Osbat, Chiara; Schnatz, Bernd - 2004
-step strategy that consists of estimating the relationship between exchange rates and economic fundamentals in a panel cointegration …
Persistent link: https://www.econbiz.de/10009639407
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Productivity shocks and real exchange rate : a reappraisal
Peltonen, Tuomo; Sager, Michael - 2009
We reappraise the relationship between productivity and equilibrium real exchange rates using a panel estimation … rate regime and numéraire currency. -- Exchange rate ; productivity ; Balassa-Samuelson ; panel data ; emerging market …
Persistent link: https://www.econbiz.de/10003832627
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Can non-linear real shocks explain the persistence of PPP exchange rate disequilibria?
Peltonen, Tuomo; Popescu, Adina; Sager, Michael - 2009
adjustment process around PPP. By contrast, we combine these two explanations in the context of an innovative panel estimation …
Persistent link: https://www.econbiz.de/10003867086
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Reverse causality in global current accounts
Schnabl, Gunther; Freitag, Stephan - 2010
The paper discusses global imbalances under the aspect of an asymmetric world monetary system. It identifies the US and Germany as center countries with rising / high current account deficits (US) and surpluses (Germany). These are matched by current account surpluses of countries stabilizing...
Persistent link: https://www.econbiz.de/10003973544
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Excess returns on net foreign assets : the exorbitant privilege from a global perspective
Habib, Maurizio Michael - 2010
did not contribute to its exorbitant privilege. The econometric panel analysis also fails to find a robust positive …
Persistent link: https://www.econbiz.de/10003971137
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Exchange rate forecasting on a napkin
Ca'Zorzi, Michele; Rubaszek, Michał - 2018
reversion and assume that relative prices are unchanged. Direct forecasting or panel data techniques are better than the random …
Persistent link: https://www.econbiz.de/10011856403
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The predictive power of equilibrium exchange rate models
Ca'Zorzi, Michele; Cap, Adam; Mijakovic, Andrej; … - 2020
there is a clear trade-off between storytelling and forecast accuracy. The PPP model offers little economic insights, but …
Persistent link: https://www.econbiz.de/10012139745
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A panel VAR analysis of macro-financial imbalances in the EU
Comunale, Mariarosaria - 2017
financial (or output) gaps within EU countries. We apply panel techniques, including a Bayesian panel VAR, to 27 EU members over …
Persistent link: https://www.econbiz.de/10011637376
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Fiscal behaviour in the European Union : rules, fiscal decentralization and government indebtedness
Afonso, António; Hauptmeier, Sebastian - 2009
decentralization ; European Union ; panel Data …
Persistent link: https://www.econbiz.de/10003866536
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Explaining the money demand of non-financial corporations in the Euro area : a macro and a micro view
Martínez-Carrascal, Carmen; Landesberger, Julian von - 2010
nineties, when its increase contributed negatively to cash accumulation. - Money demand ; cointegrated VARs ; panel estimation …
Persistent link: https://www.econbiz.de/10008688524