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How strong do global commodity prices influence domestic food prices in developing countries? : a global price transmission and vulnerability mapping analysis
Kalkuhl, Matthias - 2014
This paper analyzes the transmission from global commodity to domestic food prices for a large set of countries. First, a theoretical model is developed to explain price transmission for different trade regimes. Drawing from the competitive storage model under rational expectations, it is shown...
Persistent link: https://www.econbiz.de/10010353578
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How strong do global commodity prices influence domestic food prices in developing countries? A global price transmission and vulnerability mapping analysis
Kalkuhl, Matthias - 2014
This paper analyzes the transmission from global commodity to domestic food prices for a large set of countries. First, a theoretical model is developed to explain price transmission for different trade regimes. Drawing from the competitive storage model under rational expectations, it is shown...
Persistent link: https://www.econbiz.de/10010468222
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Monetary Policy, Trend Inflation, and the Great Moderation : An Alternative Interpretation
Gorodnichenko, Yuriy; Coibion, Olivier - 2009
With positive trend inflation, the Taylor principle is not enough to guarantee a determinate equilibrium. We provide new theoretical results on restoring determinacy in New Keynesian models with positive trend inflation and combine these with new empirical findings on the Federal Reserve’s...
Persistent link: https://www.econbiz.de/10014201193
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Real Exchange Rate Volatility, Financial Crises and Nominal Exchange Regimes
Morales-Zumaquero, Amalia - 2012
This paper examines the sources of real exchange rate (RER) volatility in eighty countries around the world, during the … the RER volatility. To that end, we employ two complementary procedures that consist in detecting structural breaks in the … RER series and decomposing volatility into its permanent and transitory components. The results confirm that exchange rate …
Persistent link: https://www.econbiz.de/10013099193
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Exchange Rate Regimes and Volatility: Comparison of the Snake and Visegrad
Valachy, Juraj; Evžen Ko?enda - William Davidson Institute, University of Michigan - 2003
analyze recent developments in the volatility of exchange rates of the Central European countries (the Visegrad Group) and a … exchange rate volatility: squared returns parametric model and GARCH. Both methods provide identical results for the currencies … of the Visegrad group: an increase in volatility after a floating exchange rate regime was introduced. The case of the …
Persistent link: https://www.econbiz.de/10005207889
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Oil Prices and Exchange Rate Volatility in Arab Countries
Mundaca, Gabriela - 2012
I test the bipolar view hypothesis on the exchange rates of countries of the AMF which are countries with relative free capital mobility. I find that oil price shocks seem to be the source of less flexible exchange rates
Persistent link: https://www.econbiz.de/10013109768
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Do Foreign Exchange Markets Matter Dor Industry Stock Returns ? An empirical investigation
BODART, Vincent; REDING, Paul - Institut de Recherche Économique et Sociale (IRES), … - 2001
that exchange rates have a significant effect on expected industry stock returns and on their volatility. The magnitude of …
Persistent link: https://www.econbiz.de/10004985313
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Macroeconomic Instability in the European Monetary System?
Zumaquero, Amalia Morales; Rivero, Simón Sosvilla - Centro de Estudios Andaluces, Government of Andalusia - 2006
and Perron (2003). Results indicate that there is some evidence of structural breaks in volatility across investigated … variables, playing the realignments in the ERM a significant role in the reduction of volatility in some countries and sub … volatility of the member countries. …
Persistent link: https://www.econbiz.de/10005063173
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Sources of inflation and output fluctuations in Poland and Hungary: Implications for full membership in the European Union
Dibooglu, Selahattin; Kutan, Ali M. - 2001
This paper examines the sources of fluctuations in inflation and output in two leading transitioneconomy candidates for admission to the European Union (EU), Poland and Hungary. Using a rational expectations, dynamic open economy aggregate supply- aggregate demand model, we consider real oil...
Persistent link: https://www.econbiz.de/10010301247
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Sources of inflation and output fluctuations in Poland and Hungary : implications for full membership in the European Union
Dibooglu, Sel; Kutan, Ali Mustafa - 2001
This paper examines the sources of fluctuations in inflation and output in two leading transitioneconomy candidates for admission to the European Union (EU), Poland and Hungary. Using a rational expectations, dynamic open economy aggregate supply- aggregate demand model, we consider real oil...
Persistent link: https://www.econbiz.de/10010518135