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Exchange Rate Misalignments and Crises
Stein, Jerome L.; Paladino, Giovanna - 2021
, Germany and Italy …
Persistent link: https://www.econbiz.de/10013320946
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An econometric approach to the effects of Euro to investments and growth on six European Union countries
Kontsas, Stamatis; Mylonakis, John - In: Investment management and financial innovations 6 (2009) 1, pp. 174-183
Persistent link: https://www.econbiz.de/10003917891
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Exchange Rate Pass-Through to Consumer Prices : A European Perspective
Hüfner, Felix P.; Schröder, Michael - 2008
correction models for Germany, France, Italy, the Netherlands and Spain. Using the weights of the Harmonized Index of Consumer …
Persistent link: https://www.econbiz.de/10014119031
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The term structure of redenomination risk
Bayer, Christian; Kim, Chi Hyun; Kriwoluzky, Alexander - 2018
-2% for Germany. The ECB's interventions designed to reduce the risk of a breakup successfully did so for Italy, but … of yield curves. At the height of the euro crisis, spreads between first-year yields were close to 7% for Italy and up to … increased it for France and Germany. …
Persistent link: https://www.econbiz.de/10011865446
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A re-examination of the link between real exchange rates and real interest rate differentials
Hoffmann, Mathias; MacDonald, Ronald - 2003
The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...
Persistent link: https://www.econbiz.de/10011506475
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Long Run Relationship between Real Exchange Rate and Real Interest Rate Differentials : The Cointegration Approach
Patra, Nilanjan - 2006
Despite the centrality of the theoretical relationship between real exchange rates and real interest rates differential in open economy macroeconomics, its empirical evidence, particularly when cointegration methods are used, is rather mixed. The study uses IFS, IMF data for India and US for the...
Persistent link: https://www.econbiz.de/10012732476
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An Update of the Bank of Italy Methodology Underlying the Estimation of Price-Competitiveness Misalignments
Giordano, Claire - 2020
This paper documents the recent innovations to the Bank of Italy methodology underlying the estimation of price … non-negligibly. In the first half of 2019, no significant price competitiveness misalignment is recorded for Italy and for … the euro area as a whole, whereas for France, Germany and Spain there is still evidence of a modest undervaluation …
Persistent link: https://www.econbiz.de/10012832771
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Exchange Rate Dynamics : Where is the Saddle Path?
Cheung, Yin-Wong; Gardeazabal, Javier; Vázquez, Jesús - 2021
A strand of exchange rate models postulate exchange rate fluctuations are driven by saddle-path dynamics and the related overshooting behavior. Using a bivariate system, the paper illustrates the relationship of the cointegration, saddle-path, and stationarity dynamics. Monte Carlo results...
Persistent link: https://www.econbiz.de/10013319467
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A Re-Examination of the Link between Real Exchange Rates and Real Interest Rate Differentials
Hoffmann, Mathias; MacDonald, Ronald - 2021
The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegration-based methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...
Persistent link: https://www.econbiz.de/10013320033
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Towards expenditure rules and fiscal sanity in the euro area
Hauptmeier, Sebastian; Fuentes, Jesus Sanchez; … - 2010
trends. It finds that, all sample countries except Germany applied expansionary expenditure policies. This resulted in much …
Persistent link: https://www.econbiz.de/10008728760