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Persistent link: https://www.econbiz.de/10011981866
We study the macroeconomic consequences of tariffs. We estimate impulse response functions from local projections using a panel of annual data that spans 151 countries over 1963-2014. We find that tariff increases lead, in the medium term, to economically and statistically significant declines...
Persistent link: https://www.econbiz.de/10012001500
Persistent link: https://www.econbiz.de/10012110609
Persistent link: https://www.econbiz.de/10009406818
This paper investigates the impact of workers’ remittances on equilibrium real exchange rates (ERER) in recipient economies. Using a small open economy model, it shows that standard ""Dutch Disease"" results of appreciation are substantially weakened or even overturned depending on: degree of...
Persistent link: https://www.econbiz.de/10014402929
This paper examines exchange rate behavior during the recent period with negative nominal interest rates. We use a daily panel of data on 61 currencies from January 2010 through May 2016, during which five economies - Denmark, the European Economic and Monetary Union, Japan, Sweden, and...
Persistent link: https://www.econbiz.de/10011626278