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The role of exchange rate for current account: a panel data analysis

Vieira, Flavio Vilela; MacDonald, Ronald - In: Economia : revista da ANPEC 21 (2020) 1, pp. 57-72

The goal of this paper is to address the role of the real effective exchange rate (fundamentals, misalignment and volatility) for the current account using a panel data analysis for a set of 58 countries, over the period of 1994-2014. The results suggest that exchange rate misalignment is...

Persistent link: https://www.econbiz.de/10012287467

Exchange rates and trade balance adjustment : a multi-country empirical analysis

Bleaney, Michael F.; Tian, Mo - 2012

This study assesses the response of the trade balance to exchange rate fluctuations across a large number of countries. Fixed-effects regressions are estimated for 87 countries on annual data from 1994 to 2010. The trade balance improves significantly after a real depreciation, and to a similar...

Persistent link: https://www.econbiz.de/10009739791

The euro exchange rate and Germany's trade surplus

Hohberger, Stefan; Ratto, Marco; Vogel, Lukas - 2019

We estimate a three-region (DE-REA-RoW) structural macroeconomic model, and we provide a counterfactual on how nominal exchange rate flexibility would have affected the German trade balance (TB) by simulating the shocks of the estimated model under a counterfactual flexible exchange rate regime....

Persistent link: https://www.econbiz.de/10011983671

Financial market developments and economic activity during current account adjustments in industrial economies

Croke, Hilary; Kamin, Steven; Leduc, Sylvain - 2005

Persistent link: https://www.econbiz.de/10002633947

Comparative Advantage, Exchange Rates, and G-7 Sectoral Trade Balances

Golub, Stephen S. - 2006

This paper uses a Ricardian framework to clarify the role of microeconomic and macroeconomic factors governing the time series and cross-section behavior of sectoral trade balances. Unit labor costs and trade balances are calculated for several sectors for the seven major industrial countries....

Persistent link: https://www.econbiz.de/10012781798

Poland-USA sectoral trade balances : regime shifts and the nonlinear impact of currency fluctuations

Pruchnicka-Grabias, Izabela; Piekunko-Mantiuk, Iwona; … - In: Central European Management Journal 32 (2023) 1, pp. 116-133

Purpose The Polish economy has undergone major challenges and changes over the past few decades. The country's trade flows, in particular, have become more firmly tied to the country's Western neighbors as they have grown in volume. This study examines Poland's trade balances in ten Standard...

Persistent link: https://www.econbiz.de/10014552926

Effective exchange rates, current accounts and global imbalances

Beckmann, Joscha; Czudaj, Robert - 2016

geldpolitische Schocks in die Analyse mit einzubeziehen. Abschließend werden Wechselkurs- und Leistungsbilanzdynamiken in Form von … einer Verschlechterung der Leistungsbilanz einhergeht. Das Anpassungsmuster verändert sich jedoch über die Zeit und deutet … darauf hin, dass die Kausalität in erster Linie von effektiven Wechselkursen in Richtung Leistungsbilanz läuft. Eine …

Persistent link: https://www.econbiz.de/10011440876

Japan's Imbalance of Payments

Müller-Plantenberg, Nikolas A. - 2021

During the past three decades, Japan's current account experienced five large swings. The yen appreciated considerably in periods when the current account boomed, and it depreciated whenever Japan's external performance weakened. However, there has always been a certain lag in the adjustment of...

Persistent link: https://www.econbiz.de/10013319615

Fiscal Stimulus in Times of High Debt : Reconsidering Multipliers and Twin Deficits

Nickel, Christiane - 2013

We investigate the impact of fiscal stimuli at different levels of the government debt-to-GDP-ratio for a sample of 17 European countries from 1970 to 2010. This is implemented in an interacted panel VAR framework in which all coefficient parameters are allowed to change continuously with the...

Persistent link: https://www.econbiz.de/10013087096

Sovereign default risk premia and state-dependent twin deficits : conference paper

Hürtgen, Patrick; Rühmkorf, Ronald - 2013 - This version: August 7, 2013

This paper studies the impact of the state-dependent risk of a government default on the correlation of the scal balance and current account. We use a small open economy model where nonlinear risk premia arise endogenously when the government operates close to its scal limit, i.e. the maximum...

Persistent link: https://www.econbiz.de/10010341080

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