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Does trade openness influence the real effective exchange rate? : new evidence from panel time-series
Gantman, Ernesto R.; Dabós, Marcelo - In: SERIEs : Journal of the Spanish Economic Association 9 (2018) 1, pp. 91-113
Using a dataset of 101 countries over the 1960–2011 period, we examine the relationship between the real effective exchange rate (REER), on the one hand, and trade openness, trade balance, the terms of trade, factor productivity, and exchange rate regime, on the other one. We use new...
Persistent link: https://www.econbiz.de/10011865211
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Exchange rate volatility in the eurozone
Bajo-Rubio, Oscar; Berke, Burcu; McMillan, David G. - 2020
even greater in the cases of the European Union and the eurozone, where the rates of export growth have even reached … rate of growth of exports in the eurozone since the start of the crisis. To that end, they estimate export functions …, augmented to include several measures of exchange rate volatility, for the four largest economies of the eurozone, i.e., France …
Persistent link: https://www.econbiz.de/10012160035
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Exchange rate volatility in the eurozone
Bajo Rubio, Oscar; Berke, Burcu; McMillan, David G. - 2019
even greater in the cases of the European Union and the eurozone, where the rates of export growth have even reached … rate of growth of exports in the eurozone since the start of the crisis. To that end, the authors estimate export functions …, augmented to include several measures of exchange rate volatility, for the four largest economies of the eurozone, i.e., France …
Persistent link: https://www.econbiz.de/10012120065
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The Impact of Fiscal Rules on Public Finances in the Euro Area
Marneffe, Wim; van Aarle, Bas; van der Wielen, Wouter; … - In: CESifo DICE Report 09 (2011) 3, pp. 18-26
Persistent link: https://www.econbiz.de/10011696747
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Transatlantic monetary and fiscal policy interaction
Aarle, Bas van; Garretsen, Harry; Huart, Florence - 2003
This paper studies the design, effects and interactions of monetary and fiscal policies in the euro-area and between the euro-area and the non euro-area. To do so, a stylized three-country model of monetary and fiscal policy rules is constructed. It is analyzed how monetary and fiscal rules...
Persistent link: https://www.econbiz.de/10011509484
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Germany versus the United States : monetary Dominance in the Eurozone
Quah, Chee Heong - In: Economies : open access journal 4 (2016) 2, pp. 1-16
This study inspects if there is greater convergence with Germany amongst the Eurozone founding members and if their …
Persistent link: https://www.econbiz.de/10011499412
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The Impact of Fiscal Rules on Public Finances : Theory and Empirical Evidence for the Euro Area
Marneffe, Wim - 2011
This paper presents a review of the most significant fiscal rules policymakers can choose from. The insights from this review are then applied to the current budgetary situation of the European Union. In the European Union, the supranational Stability and Growth Pact (SGP) should provide the...
Persistent link: https://www.econbiz.de/10013131350
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The Sustainability of Monetary Unions - Can the Euro Survive?
Canofari, Paolo - 2012
This paper aims to propose a new measure of exchange market pressure for countries operating in hard peg regimes, such as currency unions, currency boards or full dollarization. We use a general model of currency crisis to derive a sustainability index based upon the relationship between the...
Persistent link: https://www.econbiz.de/10013108459
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Harrod – Balassa – Samuelson Effect and the Role of Distribution Sector : An Empirical Case Study of Serbia and EMU
Petrovic, Predrag - 2013
This research aims to test the functionality of the standard and the modifi ed HBS model, with the intention to discover whether sectoral differences in labor productivity affect the dinar/euro real exchange rate. The first part of the analysis is based on the standard HBS model, which...
Persistent link: https://www.econbiz.de/10013082342
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Exchange Rate Pass-Through in the Euro Area and EU Countries
Ortega, Eva - 2020
Aggregate exchange rate pass-through (ERPT) to import and consumer prices in the EU is currently lower than it was in the 1990s and is non-linear. Low estimated aggregate ERPT to consumer prices does not at all mean that exchange rate movements do not have an impact on inflation, as aggregate...
Persistent link: https://www.econbiz.de/10012836179