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, many types of instruments can be used:futures market,spot market, and forward market.However, the degree of volatility …
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This paper examines the performance of different new open economy macroeconomic models in explaining the exchange rate pass-through in a wide range of prices. Quantitative versions of different models are used to derive the dynamic response of various prices to an exchange rate shock. Predicted...
Persistent link: https://www.econbiz.de/10005605370
This paper measures the welfare cost to consumers of the bloc of Central and Eastern European Countries (CEEC), plus Malta and Cyprus, of choosing a de- preciated conversion rate when joining the European Monetary Union. For this, I present and solve an appropriately calibrated small open...
Persistent link: https://www.econbiz.de/10005790003
Central America has received growing attention as a region that is integrating successfully into the global economy. This paper examines—among other things—the macroeconomic and fiscal implications of the Free Trade Agreement with the United States (CAFTA-DR), noting that the...
Persistent link: https://www.econbiz.de/10005252532
This paper measures the welfare implications of a depreciation of the US dollar against the euro using a dynamic equilibrium model. I calibrate a simple two country stochastic endowment economy with trade in goods and financial assets and exogenous variations in the exchange rate. The model...
Persistent link: https://www.econbiz.de/10005260133
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rapidly developing and rapidly aging societies. Nowhere is the challenge more urgent than in Asia, which is both developing … contribution systems, have long been the dominant form of retirement provision in much of Asia. The purpose of this report is to … assess the strengths and weaknesses of the provident fund model, evaluate the performance of three of Asia's four largest …
Persistent link: https://www.econbiz.de/10012521869
Across Asia, cities are contending with a wide range of food-related issues but most lack a dedicated or coherent set … of food policies. For most cities in Asia, food has been a policy and governance blind spot, while national food policy …
Persistent link: https://www.econbiz.de/10013413757