Narrow search
Showing 1 - 10 of 32
Cover Image
Exchange rate bands of inaction and play-hysteresis in German exports : sectoral evidence for some OECD destinations
Belke, Ansgar; Göcke, Matthias; Günther, Martin - 2012
A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction. We call the latter a "play" area - analogous to mechanical play and implement an algorithm describing path-dependent playhysteresis into a regression...
Persistent link: https://www.econbiz.de/10009579227
Cover Image
Exchange rate bands of inaction and play-hysteresis in German exports : sectoral evidence for some OECD destinations
Belke, Ansgar; Göcke, Matthias; Günther, Martin - In: Metroeconomica : international review of economics 64 (2012) 1, pp. 152-179
Persistent link: https://www.econbiz.de/10009729860
Cover Image
Exchange rate bands of inaction and play-hysteresis in German exports : sectoral evidence for some OECD destinations
Belke, Ansgar; Göcke, Matthias; Günther, Martin - 2012
A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction. We call the latter a “play” area – analogous to mechanical play and implement an algorithm describing path-dependent play-hysteresis into a regression...
Persistent link: https://www.econbiz.de/10010209975
Cover Image
Exchange Rate Bands of Inaction and Play-Hysteresis in German Exports – Sectoral Evidence for Some OECD Destinations
Belke, Ansgar Hubertus; Göcke, Matthias; Günther, Martin - 2012
A non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction. We call the latter a 'play' area – analogous to mechanical play and implement an algorithm describing path dependent play-hysteresis into a regression...
Persistent link: https://www.econbiz.de/10014170733
Cover Image
Exchange Rate Bands of Inaction and Play‐Hysteresis in German Exports - Sectoral Evidence for Some OECD Destinations
Belke, Ansgar Hubertus; Göcke, Matthias; Günther, Martin - 2013
A non‐linear model is applied, where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction, which we call ‘play’ area - analogous to mechanical play. We implement an algorithm describing path‐dependent play‐hysteresis into a regression...
Persistent link: https://www.econbiz.de/10014162148
Cover Image
Interest rates and macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - In: Credit and capital markets : Kredit und Kapital 54 (2021) 3, pp. 319-345
Persistent link: https://www.econbiz.de/10012803289
Cover Image
Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the euro area
Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability …. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank … impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate …
Persistent link: https://www.econbiz.de/10012063971
Cover Image
Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …
Persistent link: https://www.econbiz.de/10012099522
Cover Image
Interest rate bands of inaction and play-hysteresis in domestic investment : evidence for the Euro area
Belke, Ansgar; Frenzel Baudisch, Coletta; Göcke, Matthias - 2019
The interest rate represents an important monetary policy tool to steer investment in order to reach price stability …. Therefore, implications of the exact form and magnitude of the interest rate-investment nexus for the European Central Bank … impact of changes in the interest rate on macroeconomic investment under certainty and under uncertainty to investigate …
Persistent link: https://www.econbiz.de/10012099559
Cover Image
Interest rate hysteresis in macroeconomic investment under uncertainty
Belke, Ansgar; Göcke, Matthias - 2019
The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …
Persistent link: https://www.econbiz.de/10012031139