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and uncertainty shocks. Voting for Brexit had large negative effects on the UK economy between 2016 and 2019, leading to …
Persistent link: https://www.econbiz.de/10013177575
One of the basic features of the recent international scenario is the increasing importance of a few emerging economies. In this paper we map the import tariffs imposed by each of the BRICS on the products from its neighboring countries, as well as the tariffs imposed on Brazilian products. We...
Persistent link: https://www.econbiz.de/10010330640
targets for macroeconomic convergence, intending to eliminate exchange rate uncertainty within the bloc and reduce the costs … the set macroeconomic targets has been very slow, resulting in high exchange rate uncertainty within the region. It is … on the exchange rate uncertainty of EAC states using secondary panel data. The study made use of standard deviation and …
Persistent link: https://www.econbiz.de/10013466282
react differently to changes in political uncertainty and economic variables. While import flows are more rigid and do not …
Persistent link: https://www.econbiz.de/10012606454
Consumer prices are not very responsive to movements in nominal exchange rates and their response has fallen in Canada since the mid 1980s. This paper explores two of the most likely explanations for this decline in exchange rate pass-through to consumer prices: (1) lower inflation and (2)...
Persistent link: https://www.econbiz.de/10011940734
takes time and is subject to uncertainty. Also, firms must use the financial system in order to buy inputs; the cost of … credit may differ among countries and industries, reflecting their basic patterns of uncertainty. Following the Newbery …
Persistent link: https://www.econbiz.de/10012142298
The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real options approach, which allows us to investigate the...
Persistent link: https://www.econbiz.de/10010295518
We examine the effects of exchange rate and political risks on foreign direct investment (FDI) for multinationals. Our strategy is to examine FDI by U.S. firms at two levels: in all industries and on the subset of only firms in manufacturing industries. When investing in developed economies the...
Persistent link: https://www.econbiz.de/10010282834
In studies concluding that public debt may hamper GDP, the debt tipping effects are estimated as if there were a single world currency. This means that such studies ignore the likely biggest cause of changes in growth rates, namely damage from exchange rate liquidity shocks because we do not...
Persistent link: https://www.econbiz.de/10010312982
increases strengthen these currencies to different extents. In contrast, heightened geopolitical uncertainty and associated oil …
Persistent link: https://www.econbiz.de/10012661547