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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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Words, deeds, and outcomes : a survey on the growth effects of exchange rate regimes
Harms, Philipp; Kretschmann, Marco - 2007
Recent studies on the growth effects of exchange rate regimes offer a wide range of different, sometimes contradictory results. In this paper, we systematically compare three prominent contributions in this field. Using a common data set, a common specification, and common estimation methods, we...
Persistent link: https://www.econbiz.de/10011397221
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Trend growth and learning about monetary policy rules in a two-block world economy
Schaling, Eric; Tesfaselassie, Mewael F. - 2013
Available evidence supports the view that growth is faster in more open economies. In order to analyze the implications of openness and growth on determinacy and learnability of worldwide rational expectations equilibria we develop a two-country New Keynesian model with growth. We analyze these...
Persistent link: https://www.econbiz.de/10009696036
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The New Economy and the Dollar Puzzle
Karunaratne, Neil Dias - 2012
Solow productivity paradox and spawned the New Economy (NE) in Australia in the late 1990s. Both growth accounting estimates …
Persistent link: https://www.econbiz.de/10013104440
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Collateral Damage : Dollar Strength and Emerging Markets’ Growth
Druck, Pablo - 2015
We document that, historically, although stronger growth in the U.S. increases growth in emerging markets, U.S. dollar appreciation (depreciation) cycles - which are highly persistent - mitigate (amplify) the impact on real GDP growth in emerging markets. We argue that the main transmission...
Persistent link: https://www.econbiz.de/10013015605
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A Growth Perspective on Foreign Reserve Accumulation
Cheng, Gong - 2013
Based on a dynamic open-economy macroeconomic model, this paper aims at understanding the contribution of domestic financial underdevelopment to foreign reserve accumulation in some emerging market economies, especially in China. It is argued that foreign reserve accumulation is part and parcel...
Persistent link: https://www.econbiz.de/10013076609
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Aid, Real Exchange Rate Misalignment and Economic Performance in Sub-Saharan Africa
Elbadawi, Ibrahim - 2009
Generating sustained growth in Sub-Saharan Africa is one of the most pressing challenges in global development. As the region needs foreign assistance to jump start its development, foreign aid becomes crucial. However, aid booms can also lead to exchange rate overvaluation curtailing exports...
Persistent link: https://www.econbiz.de/10013152994
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Broad Dollar Shocks and Economic Activity in Trade-Heavy Countries : The Role of Government Size
Ibhagui, Oyakhilome - 2020
This paper investigates how government size influences the responses of government expenditure and economic growth to broad dollar shocks in 155 trade-heavy countries across 6 continents from 1995 to 2019. In most cases, we document that the magnitude of contractions in expenditures and economic...
Persistent link: https://www.econbiz.de/10012835433
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Catching Up by Deglobalization : Capital Account Policy and Economic Growth
Choi, Woo Jin - 2020
We examine the role of capital account policy pertaining to productivity growth and labor allocation at the sectoral … — strategic capital account policy — contribute to the real GDP (TFP) growth through the enhancement of labor productivity in the … the manufacturing sector, the combined policy facilitates long-running productivity growth …
Persistent link: https://www.econbiz.de/10012844518
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A Growth Perspective on Foreign Reserve Accumulation
Cheng, Gong - 2017
fast-growing emerging economies. The demand for foreign reserves stems from the interaction between productivity growth and … domestic interest rates under control to cope with positive productivity shocks …
Persistent link: https://www.econbiz.de/10012954174