Narrow search
Showing 1 - 10 of 5,925
Cover Image
Real exchange rate and international reserves in the era of growing financial and trade integration
Aizenman, Joshua; Riera-Crichton, Daniel - 2006
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010322720
Cover Image
Real exchange rate and international reserves in an era of growing financial and trade integration
Aizenman, Joshua; Riera-Crichton, Daniel - 2006
This paper evaluates the impact of international reserves, terms of trade shocks and capital flows on the real exchange rate (REER). We observe that international reserves cushions the impact of TOT shocks on the REER, and that this effect is important for developing but not for industrial...
Persistent link: https://www.econbiz.de/10010285305
Cover Image
Oil price movements and the global economy: A model-based assessment
Elekdag, Selim; Lalonde, René; Laxton, Douglas; Muir, Dirk - 2007
taxes on labor income, showing that such a policy could increase world productive capacity while being consistent with a …
Persistent link: https://www.econbiz.de/10010279922
Cover Image
Stuck on gold: real exchange rate volatility and the rise and fall of the gold standard, 1870-1939
Chernyshoff, Natalia; Jacks, David S.; Taylor, Alan M. - 2005
Did adoption of the gold standard exacerbate or diminish macroeconomic volatility? Supporters thought so, critics … absorption in a world of real shocks and nominal stickiness. A simple model shows how a lack of flexibility can be discerned in … the transmission of terms of trade shocks. Evidence on the relationship between real exchange rate volatility and terms of …
Persistent link: https://www.econbiz.de/10010266408
Cover Image
Adjustment patterns to commodity terms of trade shocks: The role of exchange rate and international reserves policies
Aizenman, Joshua; Edwards, Sebastian; Riera-Crichton, Daniel - 2011
, effectively lowering its volatility. We also show that relatively small increases in the average holdings of reserves by Latin … substantially REER volatility. …
Persistent link: https://www.econbiz.de/10010288117
Cover Image
International trade in natural resources: Practice and policy
Ruta, Michele; Venables, Anthony J. - 2012
Natural resources account for 20% of world trade, and dominate the exports of many countries. Policy is used to …
Persistent link: https://www.econbiz.de/10010326795
Cover Image
Relative price movements and labour productivity in Canada: A VAR analysis
Dolega, Michael; Dupuis, David; Pichette, Lise - 2010
In recent years, the Canadian economy has been affected by strong movements in relative prices brought about by the surging costs of energy and non-energy commodities, with significant implications for the terms of trade, the exchange rate, and the allocation of resources across Canadian sectors...
Persistent link: https://www.econbiz.de/10010289727
Cover Image
Modeling the impact of external factors on the euro area’s HICP and real economy: a focus on pass-through and the trade balance
Landolfo, Luigi - 2007
This paper aims to analyze the impact of external factors, such as the nominal effective exchange rate, foreign demand and the terms of trade, on the euro area real economy. In particular, the paper estimates the quantitative impact that changes in these factors have on net trade, real GDP and...
Persistent link: https://www.econbiz.de/10011604835
Cover Image
Embodied pollution in trade: Estimating the "environmental load displacement" of the industrial countries
Muradian, Roldan; O'Connor, Martin; Martinez-Alier, Joan - 2001
countries with a) the rest of the world and b) developing countries, from 1976 to 1994. We found that in the last years of …
Persistent link: https://www.econbiz.de/10011608819
Cover Image
Structural Volatility in Chile: A Policy Report
Caballero, Ricardo J. - 2000
This paper identifies Chile`s economic weaknesses and offers policy recommendations for increasing stability. Current problems include weak international financial links, a Central Bank mandate that is ill-designed to deal with terms of trade shocks, a propensity to waste scarce liquidity in the...
Persistent link: https://www.econbiz.de/10010327101