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Current Account Imbalances and Structural Adjustment in the Euro Area: How to Rebalance Competitiveness
Zemanek, Holger; Belke, Ansgar; Schnabl, Gunther - CESifo - 2009
Low international competitiveness of a set of euro area countries, which have become evident by large current account deficits and rising risk premiums on government bonds, is one of the most challenging economic policy issues for Europe. We analyse the role of private restructuring and public...
Persistent link: https://www.econbiz.de/10005051523
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Exchange Rate, External Orientation of Firms and Wage Adjustment
Pozzolo, Alberto Franco; Nucci, Francesco - Dipartimento di Scienze Statistiche, Facoltà di … - 2012
We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing …). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is the … firm's exposure to sales from exports. Through the expenditure side, a depreciation induces a cut in the firm's wages, and …
Persistent link: https://www.econbiz.de/10010544303
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Exchange Rate, External Orientation of Firms and Wage Adjustment.
Nucci, Francesco; Pozzolo, Alberto Franco - Dipartimento di Economia e Finanza (DEF), Libera … - 2012
We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing …). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is the … firmÕs exposure to sales from exports. Through the expenditure side, a depreciation induces a cut in the firmÕs wages, and …
Persistent link: https://www.econbiz.de/10010552348
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Exchange Rate, External Orientation of Firms and Wage Adjustment
Nucci, Francesco; Pozzolo, Alberto Franco - Money and Finance Research group (Mo.Fi.R.) - 2012
We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing …). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is the … firm's exposure to sales from exports. Through the expenditure side, a depreciation induces a cut in the firm's wages, and …
Persistent link: https://www.econbiz.de/10010610093
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Exchange Rate, External Orientation of Firms and Wage Adjustment
Nucci, Francesco; Pozzolo, Alberto Franco - Dipartimento di Economia, Gestione, Società e … - 2012
We estimate the effect of exchange rate movements on ï¬rm-level wages, using a representative panel of manufacturing ï …). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is …¬rm’s wages, and the effect is larger the higher is the incidence of imported inputs in total production costs. For a given …
Persistent link: https://www.econbiz.de/10011141263
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Exchange Rate, External Orientation of Firms and Wage Adjustment
Nucci, Francesco; Pozzolo, Alberto Franco - Dipartimento di Economia, Management e Metodi … - 2012
We estimate the effect of exchange rate movements on firm-level wages, using a representative panel of manufacturing …). Through the revenue side, wages tend to rise after a currency depreciation and the effect is more pronounced the higher is the … firm’s exposure to sales from exports. Through the expenditure side, a depreciation induces a cut in the firm’s wages, and …
Persistent link: https://www.econbiz.de/10010561646
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China's March to Prosperity: Reforms to Avoid the Middle-income Trap
Koen, Vincent; Herd, Richard; Hill, Sam - Economics Department, Organisation de Coopération et … - 2013
China is well-placed to avoid the so-called “middle-income trap” and to continue to converge towards the more advanced economies, even though growth is likely to slow from near double-digit rates in the first decade of this millennium to around 7% at the 2020 horizon. However, in order to...
Persistent link: https://www.econbiz.de/10011277005
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Capital account liberalization and exchange rate flexibility: Scenarios for the Moroccan case
Ezzahid, Elhadj; Maouhoub, Brahim - Institut für Weltwirtschaft (IfW) - 2014
This paper explores the links between gradual capital account liberalization and the exchange rate regime in Morocco where the process of economic and financial openness is relatively advanced. Using a game theory model with two economic agents, that are monetary authorities and domestic firms,...
Persistent link: https://www.econbiz.de/10010956042
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Intolerable Surges, Exchange Rate Regimes and Sudden Stops of Capital Inflows
Feith, Ayachi; Youssef, Bhar - In: European Integration Process in Western Balkan Countries
This chapter investigates the effect of the exchange regime on the likelihood of sudden stops. A panel probit analysis is conducted on the data of 43 developing countries from 1980 to 2010. The test investigates the interaction of surges and the exchange regime and their potential impact of the...
Persistent link: https://www.econbiz.de/10010969114
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Asian Monetary Integration : A Japanese Perspective
Kawai, Masahiro - East Asian Bureau of Economic Research (EABER) - 2014
to create a regional monetary anchor through a combination of some form of national inflation targeting and a currency …
Persistent link: https://www.econbiz.de/10011278016