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. It also presents range of models which are applicable for estimation of equilibrium (real) exchange rate. Finally, the …
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estimation of the NATREX model for the CZK, we have been able to answer such questions as: What are the pace and main …
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In this essay I've demonstrated that there is evidence of unstable and non-linear relationship between fundamental variables and exchange rates. I have tried to "tune" Frankel's (1979) real interest differential model of exchange rate fluctuation. I have distinguished between Czech crown/Euro...
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transitive countries of Central and Eastern Europe. The model is estimated using both VAR and cointegration analyses. The model …
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The paper analyses a relationship between monetary aggregate M2 and inflation in a small open economy. The relationship between monetary expansion and inflation as well as a dynamic of income velocity of money framework in a small open economy are discussed in more details in the paper. Authors...
Persistent link: https://www.econbiz.de/10005036707
The article aims at introducing new methodology for recognizing suitable indicators to monitor the potential risk of extensive pressure on the exchange rate (early warning indicators) and for identifying vulnerabilities in an economy to this pressure reflected by simultaneous negative...
Persistent link: https://www.econbiz.de/10008754968
empirical results obtained from cross-country time series analysis using cointegration analysis, Error Correction Model, as well … exception of the consumer price index of Switzerland, which was cointegrated of the second order. The results of cointegration …
Persistent link: https://www.econbiz.de/10008754973