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Exchange rate pass-through in Russia
Ponomarev, Jurij; Trunin, Pavel V.; Uljukaev, Aleksej V. - 2014
The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000–2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...
Persistent link: https://www.econbiz.de/10011398366
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Changes in inflation predictability in major Latin American countries
Garcés Díaz, Daniel G. - 2016
Forecasts of inflation in the United States since the mid eighties have had smaller errors than in the past, but those … their own "Great Moderation." For those countries that did not attain macroeconomic stability, inflation forecasting … monetary regime does, makes possible the estimation of parsimonious inflation models for all available data (eight decades for …
Persistent link: https://www.econbiz.de/10011568466
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The Russian economy amidst the war and sanctions
Astrov, Vasily; Kochnev, Artem; Stamer, Vincent; Teti, … - 2024
The marked turnaround in Russia's foreign trade in 2023 exerted strong downward pressure on the Russian rouble, which lost around 30% of its value. Global oil prices were declining in the first half of the year, the EU import embargo on Russian oil depressed prices even further; and on top of...
Persistent link: https://www.econbiz.de/10015065596
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Is there a homogeneous causality pattern between oil prices and currencies of oil importers and exporters?
Beckmann, Joscha; Czudaj, Robert - 2013
Although the link between oil prices and dollar exchange rates has been frequently analyzed, a clear distinction between prices and nominal exchange rate dynamics and a clarification of the issue of causality has not been provided. In addition, previous studies have mostly neglected...
Persistent link: https://www.econbiz.de/10009771139
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Pricing-to-market effects in foreign trade prices : evidence from a cointegration approach for Germany
Stephan, Sabine (contributor) - 2005
The article analyses the impact of exchange rate changes on German export and import prices. The analytical framework is a mark-up model which is based on the assumption that the markets under consideration are imperfectly competitive as well as segmented. Hence, firms will no longer set prices...
Persistent link: https://www.econbiz.de/10003744526
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Symmetry and Separability in Two-Country Cointegrated VAR Models: Representation and Testing
Krolzig, Hans-Martin; Heinlein, Reinhold - 2013
five different country pairs in the post-Bretton-Woods era. We find evidence for the symmetry of the cointegration space …, which is of practical importance as it allows for the identification of the cointegration vectors in much smaller systems …
Persistent link: https://www.econbiz.de/10010456953
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Symmetry and separability in two-country cointegrated VAR models : representation and testing
Krolzig, Hans-Martin; Heinlein, Reinhold - 2013
five different country pairs in the post-Bretton-Woods era. We find evidence for the symmetry of the cointegration space …, which is of practical importance as it allows for the identification of the cointegration vectors in much smaller systems …
Persistent link: https://www.econbiz.de/10010228330
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Symmetry and Separability in Two-Country Cointegrated VAR Models: Representation and Testing
Krolzig, Hans-Martin; Heinlein, Reinhold - School of Economics, University of Kent - 2013
five different country pairs in the post-Bretton-Woods era. We find evidence for the symmetry of the cointegration space …, which is of practical importance as it allows for the identification of the cointegration vectors in much smaller systems …
Persistent link: https://www.econbiz.de/10010859415
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Estimating the Equilibrium Effective Exchange Rate for Potential EMU members
Giannellis, Nikolaos; Papadopoulos, Athanasios - Department of Economics, University of Crete - 2005
In this study, we attempt to examine the possibility of emergence of significant fluctuations of the exchange rates in the future for the candidate EMU countries. In doing so, we estimate the equilibrium rate of the nominal effective exchange rate for Poland, Hungary, Slovak Republic and Malta...
Persistent link: https://www.econbiz.de/10005040043
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A monetary analysis of the Drachma/ECU exchange rate determination, 1980-1991
Zis, George; Papadopoulos, Athanasios P. - In: Empirical Economics 25 (2000) 4, pp. 653-663
cointegration, impulse response and variance decomposition analysis. The empirical results reported confirm recent findings that the …
Persistent link: https://www.econbiz.de/10005612891