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Comparison of static and dynamic analyses on exchange rate regimes in East Asia
Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2015
This paper compares three methods of analyzing exchange rate regimes in East Asia: static analysis, conventional dynamic analysis, and dynamic transition analysis. First we provide quantitative results that both estimated parameters for Thailand and time intervals are applied symmetrically...
Persistent link: https://www.econbiz.de/10011283725
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The ECB'’s unconventional monetary policy and the role of exchange rate regimes in cross-country spillovers
Jensen, Jakob Roager; Mikkelsen, Jakob Guldbæk; … - 2017
We study the impact of the ECB's large scale asset purchase programme on selected euro area and neighbouring countries. The effects of the programme are assessed by conducting an event study as well as by estimating a structural VAR model using a shadow short rate as a measure of the monetary...
Persistent link: https://www.econbiz.de/10011740711
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Utility functions, fiscal shocks and the open economy : in the search of a positive consumption multiplier
Wegmueller, Philipp - 2014 - This version: October 3, 2014
This paper analyzes the dynamic effects of a fiscal policy shock and its transmission mechanism in a small open economy and compares the responses under different specifications of the utility function. The traditional Mundell-Flemming model tells that fiscal policy is more effective under a peg...
Persistent link: https://www.econbiz.de/10010414839
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Exchange rate fluctuations and labour market adjustments in Canadian manufacturing industries
Bruneau, Gabriel; Moran, Kevin - 2015
We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions. Our data are drawn from a...
Persistent link: https://www.econbiz.de/10011408683
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Exports and the exchange rate : a general equilibrium perspective
Alexander, Patrick; Reza, Abeer - 2022 - Last updated: April 4, 2022
Understanding and predicting the evolution of exports after a change in the nominal exchange rate is of central importance in international economics. Most of the literature focuses on estimating this relationship by reduced form, with the aim of uncovering a single structural parameter, but...
Persistent link: https://www.econbiz.de/10013172465
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Effective exchange rate regimes and inflation
Harms, Philipp; Knaze, Jakub - 2021 - This version: February 5, 2021
This paper introduces a new effective exchange rate regime classification. Traditional classifications define the stability or flexibility of a currency with respect to one ("anchor") currency, thus implicitly neglecting information on exchange rate relationships against other currencies. Our...
Persistent link: https://www.econbiz.de/10013329739
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Foreign exchange interventions : the long and the short of it
Alexander, Patrick; Alpanda, Sami; Kabaca, Serdar - 2022 - Last updated: June 6, 2022
This paper studies the effects of foreign exchange (FX) interventions in a two-region New Keynesian model where governments issue both short-term and long-term bonds. Imperfect substitutability between bonds gives rise to portfolio balance effects that make FX interventions effective....
Persistent link: https://www.econbiz.de/10013252982
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Remittances, exchange rates and the labor supply of Mexican Migrants in the U.S.
Fox, Marc; Stark, Oded - 1987
This paper assumes that migrants derive utility from their own consumption, their own leisure, and remittances to their … family. It hypothesizes that the labor supply and remittances of Mexican migrants in the U.S. are jointly determined. Shits … in real exchange rates affect the cost of sending a given real volume of remittances back to the family in the sending …
Persistent link: https://www.econbiz.de/10012643788
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The Tale of Three Amigos : Remittances, Exchange Rates and Money Demand in Mexico
Vargas-Silva, Carlos - 2007
This article analyzes the relationship between remittances, exchange rates and money demand in Mexico. We find that … shocks to remittances have a positive impact on domestic money demand. The results also suggest the existence of a bi …-directional relationship between remittances and the exchange rate. Furthermore, positive shocks to remittances are found to have a negative …
Persistent link: https://www.econbiz.de/10012777996
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Remittances and The Myth of the Exchange Rate's Power : The Case of Mexico
Coutino, Alfredo - 2021
Remittances to Mexico have increased more than six times in the past two decades. The boom in remittances can be … with the amount of remittances received by Mexico. Contrary to what some researchers argue, we find that despite the … existence of some correlation between remittances and the peso's value vis-a-vis the dollar, there is no evidence of statistical …
Persistent link: https://www.econbiz.de/10013238312