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Asymmetric Adjustment and Nonlinear Dynamics in Real Exchange Rates

Leon, H. L.; Najarian, Serineh - International Monetary Fund (IMF) - 2003

This paper examines whether deviations from PPP are stationary in the presence of nonlinearity, and whether the adjustment toward PPP is symmetric from above and below. Using alternative nonlinear models, our results support mean reversion and asymmetric adjustment dynamics. We find differences...

Persistent link: https://www.econbiz.de/10005769039

Time-Varying Thresholds; An Application to Purchasing Power Parity

Leon, H. L.; Najarian, Serineh - International Monetary Fund (IMF) - 2003

This paper introduces a time-varying threshold autoregressive model (TVTAR), which is used to examine the persistence of deviations from PPP. We find support for the stationary TVTAR against the unit root hypothesis; however, for some developing countries, we do not reject the TVTAR with a unit...

Persistent link: https://www.econbiz.de/10005604859

Räumliche Preisvergleiche: Aggregationskonzepte und Forschungsperspektiven

Auer, Ludwig - In: AStA Wirtschafts- und Sozialstatistisches Archiv 6 (2012) 1, pp. 27-56

Politicians and scientists have a strong interest in reliable regional and international comparisons of productivity, income, wages, and social benefits. Such comparisons require meaningful indicators of the regional and international price levels. The computation of such indicators utilizes...

Persistent link: https://www.econbiz.de/10010994202

Effects of Energy Price Changes on Russian Economy

Suni, Paavo - In: CESifo Forum 9 (2008) 2, pp. 9-15

Persistent link: https://www.econbiz.de/10005013146

Wodurch werden die Mietpreise bestimmt? Unterschiede in den Mieten in Ost- und Westdeutschland

Fritzsche, Carolin; Kluge, Jan - In: ifo Dresden berichtet 21 (2014) 06, pp. 03-10

In den vergangenen Jahren gab es einen deutlichen Preisauftrieb auf dem Wohnungsmarkt. Dennoch sind die durchschnittlichen Mietpreise in Ostdeutschland heute immer noch geringer als in Westdeutschland. Dieser Artikel untersucht, wodurch die Mietpreise bestimmt werden. Es zeigt sich, dass das...

Persistent link: https://www.econbiz.de/10011186139

An Empirical Study of the Correlation between the Monetary Aggregates and the Price Level in Euro Area in the Years 2004 - 2013

Slahor, Ludomir; Majercakova, Daniela; Mittelman, Alexandra - In: Eurasian Journal of Economics and Finance 3 (2015) 1, pp. 38-50

The historical evidence suggests a high correlation between changes in the stock of money per unit of output and … changes in prices in the same direction. The goal of this paper is to analyze the correlation between the monetary aggregates …-moment correlation coefficient as a degree of the dependence between the monetary aggregate M3 and the harmonized index of consumer …

Persistent link: https://www.econbiz.de/10011227839

Adding Latin America to the Global Projection Model

International Monetary Fund (IMF); International … - 2009

This is the fourth of a series of papers that are being written as part of a larger project to estimate a small quarterly Global Projection Model (GPM). The GPM project is designed to improve the toolkit to which economists have access for studying both own-country and cross-country linkages. In...

Persistent link: https://www.econbiz.de/10004999967

Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration

International Monetary Fund (IMF); International … - 2005

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...

Persistent link: https://www.econbiz.de/10005767345

Relative Prices, Inflation and Core Inflation

Roger, Scott - International Monetary Fund (IMF) - 2000

these and other common features, such as correlation between the mean and variance of relative prices. In such circumstances …

Persistent link: https://www.econbiz.de/10005599288

Forecasting Thailand's Core Inflation

Sun, Tao - International Monetary Fund (IMF) - 2004

This paper develops an approach for forecasting in Thailand core inflation. The key innovation is to anchor the projections derived from the short-term time-series properties of core inflation to its longer-run evolution. This involves combining a short-term model, which attempts to distill the...

Persistent link: https://www.econbiz.de/10005605247