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Firms' Entry, Monetary Policy and the International Business Cycle

Cavallari, Lilia - 2012

This paper provides a theory of the international business cycle grounded on firms' entry and sticky prices. It shows that under simple monetary rules pro-cyclical entry and counter-cyclical markups can generate fluctuations in macroeconomic aggregates and trade variables as large as those...

Persistent link: https://www.econbiz.de/10013099277

Policy Analysis and Forecasting in the World Economy : A Panel Unobserved Components Approach

Vitek, Francis - 2012

This paper develops a structural macroeconometric model of the world economy, disaggregated into thirty five national …

Persistent link: https://www.econbiz.de/10013102206

Essays in international macroeconomics

Scholl, Almuth - 2006

Persistent link: https://www.econbiz.de/10003315521

Periodic business and exchange rate cycles : evidence from 7 emerging markets

Kohler, Karsten; Stockhammer, Engelbert - 2020

The paper investigates exchange rate cycles and their relationship to the business cycle in 7 major emerging market economies. We document the presence of periodic cycles in nominal US-dollar exchange rates and show that these are closely aligned with cycle frequencies in real output. Joint...

Persistent link: https://www.econbiz.de/10012660709

Exchange rate pass-through in Russia

Ponomarev, Jurij; Trunin, Pavel V.; Uljukaev, Aleksej V. - 2014

assessments on different sub-periods and exchange rate volatility effect on pass-through are also provided. …

Persistent link: https://www.econbiz.de/10011398366

Macroeconomic Stability : Transition Towards the Nominal Exchange Rate Stability

Brázdik, František - 2013

The novelty of this work is in the presentation of a theoretical framework that allows the modeling of an announced switch of the monetary regime. In our experiment, the monetary authority announces stabilization of the nominal exchange rate after the announced number of periods. We analyze the...

Persistent link: https://www.econbiz.de/10013095584

Exchange rate uncertainty and the connectedness of inflation

Çitçi, Sadettin Haluk; Kaya, Hüseyin - In: Borsa Istanbul Review 23 (2023) 3, pp. 723-735

In this study, we examine the connectedness of exchange rate uncertainty and inflation. In an economy with a flexible exchange rate, price rigidities can lead importers to carry exchange rate risk and they impose a premium for the risk they face by increasing consumer prices. This pricing...

Persistent link: https://www.econbiz.de/10014308839

The Importance of Global Shocks for National Policy Makers - Rising Challenges for Central Banks

Belke, Ansgar Hubertus - 2009

We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...

Persistent link: https://www.econbiz.de/10013155344

Tradeoffs over Rate Cycles : Activity, Inflation and the Price Level

Forbes, Kristin; Ha, Jongrim; Kose, M. Ayhan - National Bureau of Economic Research - 2025

Central banks often face tradeoffs in how their monetary policy decisions impact economic activity (including employment), inflation and the price level. This paper assesses how these tradeoffs have evolved over time and varied across countries, with a focus on understanding the post-pandemic...

Persistent link: https://www.econbiz.de/10015409857

The influence of global financial liquidity on the Indonesian economy : dynamic analysis with threshold VAR

Ekananda, Mahjus; Suryanto, Tulus - In: Economies : open access journal 9 (2021) 4, pp. 1-20

studied. This research aims to investigate the interdependent relationships between world GDP, world commodity prices, world … autoregression (TVAR) to capture regime changes in the variables of the world economy. World economic data and Indonesia's economic … data were utilized to prove different responses to the world economic situation in two different regimes. This research …

Persistent link: https://www.econbiz.de/10012799838