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Is there a Homogeneous Causality Pattern between Oil Prices and Currencies of Oil Importers and Exporters?
Beckmann, Joscha; Czudaj, Robert - Rheinisch-Westfälisches Institut für … - 2013
Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarifi cation of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10010691192
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Oil and gold price dynamics in a multivariate cointegration framework
Beckmann, Joscha; Czudaj, Robert - In: International Economics and Economic Policy 10 (2013) 3, pp. 453-468
This study delivers further insights into oil and gold price dynamics and their relation to U.S. prices and the dollar exchange rate. Previous studies have frequently analyzed this issue regarding the price either of gold or of oil; however, the role of both quantities has not been analyzed...
Persistent link: https://www.econbiz.de/10010865000
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Is there a homogeneous causality pattern between oil prices and currencies of oil importers and exporters?
Beckmann, Joscha; Czudaj, Robert - In: Energy Economics 40 (2013) C, pp. 665-678
Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10010868790
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Oil prices and effective dollar exchange rates
Beckmann, Joscha; Czudaj, Robert - In: International Review of Economics & Finance 27 (2013) C, pp. 621-636
This study takes into account two previously neglected issues in its analysis of the relationship between oil prices and effective dollar exchange rates, namely, nonlinear adjustment dynamics and a distinction between nominal and real linkages. Beginning with a careful investigation of different...
Persistent link: https://www.econbiz.de/10010664312
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The U.S. Current Account and Real Effective Dollar Exchange Rates
Beckmann, Joscha; Belke, Ansgar; Czudaj, Robert - In: Credit and Capital Markets 46 (2013) 2, pp. 213-232
This study analyzes long-run and short-run dynamics between the current account and the real effective dollar exchange rates from a novel perspective. Applying multivariate cointegration techniques, we first test for a long-run relationship between the real effective dollar exchange rate and the...
Persistent link: https://www.econbiz.de/10010883547
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Is there a Homogeneous Causality Pattern between Oil Prices and Currencies of Oil Importers and Exporters?
Beckmann, Joscha; Czudaj, Robert - 2013
Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10010319369
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Is there a homogeneous causality pattern between oil prices and currencies of oil importers and exporters?
Beckmann, Joscha; Czudaj, Robert - 2013
Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10009771139
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Is There a Homogeneous Causality Pattern between Oil Prices and Currencies of Oil Importers and Exporters?
Beckmann, Joscha - 2013
Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10013077807
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What drives updates of inflation expectations? A Bayesian VAR analysis for the G-7 countries
Belke, Ansgar; Beckmann, Joscha; Dubova, Irina - 2018
Inflation expectations play a crucial role for monetary policy transmission, having become even more important since … determinants of professional inflation expectations for the G7 economies. We emphasize the role of international spillovers in … inflation expectations stemming from monetary policy decisions in the US. We also consider several possible determinants, such …
Persistent link: https://www.econbiz.de/10011892023
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Gold as an inflation hedge in a time-varying coefficient framework
Beckmann, Joscha; Czudaj, Robert - 2012
This study analyzes the question whether gold provides the ability of hedging against inflation from a new perspective …: First, we show that gold is partially able to hedge future inflation in the long-run and this ability is stronger for the … characterized by regime-dependence, implying that the usefulness of gold as an inflation hedge for investors crucially depends on …
Persistent link: https://www.econbiz.de/10009580064