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Productivity, commodity prices and the real exchange rate : the long-run behavior of the Canada–US exchange rate

Choudhri, Ehsan U.; Schembri, Lawrence - In: International review of economics & finance : IREF 29 (2014), pp. 537-551

Persistent link: https://www.econbiz.de/10010432301

The real exchange rate in the long run : Balassa-Samuelson effects reconsidered

Bordo, Michael D.; Choudhri, Ehsan U.; Fazio, Giorgio; … - 2014

Historical data for over hundred years and 14 countries is used to estimate the long-run effect of productivity on the … real exchange rate. We find large variations in the productivity effect across four distinct monetary regimes in the sample … argue that changes in trade costs over time may affect the impact of productivity on the real exchange rate over time. We …

Persistent link: https://www.econbiz.de/10010374513

A re-examination of the link between real exchange rates and real interest rate differentials

Hoffmann, Mathias; MacDonald, Ronald - 2003

The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...

Persistent link: https://www.econbiz.de/10011506475

Euro-US real exchange rate dynamics : how far can we push general equilibrium models?

Dogan, Aydan - 2014

This paper re-assesses the problem of general equilibrium models in matching the behaviour of real exchange rate. We do so by developing a two country general equilibrium model with non-traded goods, home bias, incomplete markets and partial degrees of pass through as well as nominal rigidities...

Persistent link: https://www.econbiz.de/10010416685

Capital controls and the real exchange rate : do controls promote disequilibria?

Montecino, Juan Antonio - 2015

The consensus view is that capital controls can effectively lengthen the maturity composition of capital inflows and increase the independence of monetary policy but are not generally effective at reducing net inflows and influencing the real exchange rate. This paper presents empirical evidence...

Persistent link: https://www.econbiz.de/10010484105

What determines real exchange rates? : the Nordic countries

Bergvall, Anders - 2002

, relative productivity, the trade balance and terms of trade. Countries with higher productivity, trade deficits or improved …

Persistent link: https://www.econbiz.de/10011587580

Sectoral price divergence between Korea and Japan

Moon, Seongman - In: East Asian economic review 20 (2016) 4, pp. 493-517

This paper examines the persistent properties of 12 sectoral relative prices between Korea and Japan obtained following the Classification of Individual Consumption according to Purpose (COICOP) over the period of 1985-2016. Applying a new econometric method developed by Pesaran which controls...

Persistent link: https://www.econbiz.de/10011765038

Inter-region relative price convergence in Korea

Moon, Seongman - In: East Asian economic review 21 (2017) 2, pp. 123-146

This paper examines the persistence of relative consumer price indices for 15 regions in Korea including 6 metropolitan cities and 9 provinces over the period of 1990-2016. In particular, we ask if relative regional price indices contain a common stochastic trend and find that they are not. We...

Persistent link: https://www.econbiz.de/10011765060

Pegxit pressure : evidence from the classical gold standard

Mitchener, Kris; Pina, Gonçalo - 2016

We develop a simple model that highlights the costs and benefits of fixed exchange rates as they relate to trade, and show that negative export-price shocks reduce fiscal revenue and increase the likelihood of an expected currency devaluation. Using a new high-frequency data set on...

Persistent link: https://www.econbiz.de/10011568741

Global economy and the Australian dollar

Monadjemi, Mehdi S.; Lodewijks, John Kees - In: Expert journal of economics 5 (2017) 2, pp. 47-52

The Australian dollar is known as a commodity currency because it is sensitive to fluctuations of commodity prices. Although the structure of Australian production has historically moved from the primary commodities to manufacturing and services, market expectations of the currency are still...

Persistent link: https://www.econbiz.de/10012062695

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