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This is a comparative study on the historical experience of real effective exchange rate (REER) misalignment of Japanese yen, Deutsche mark, Singapore dollar and Taiwan dollar, with regard to the recent dispute over the Renminbi (RMB) valuation. Panel-based misalignment estimates of the four...
Persistent link: https://www.econbiz.de/10003990427
The familiar claim of Chinese currency manipulation is generally asserted without reference to empirical evidence. To investigate the legitimacy of the claim, we ask if the undervalued misalignment found in the real effective exchange rate (REER) of the Chinese renminbi (RMB) over the past...
Persistent link: https://www.econbiz.de/10013121272
Persistent link: https://www.econbiz.de/10012991366
In this paper, we investigate whether mixing cryptocurrencies to a German investor portfolio improves portfolio diversification. We analyse this research question by applying a (mean variance) portfolio analysis using a toolbox consisting of:(i) the comparison of descriptive statistics, (ii)...
Persistent link: https://www.econbiz.de/10012831425
This paper investigates the transmission of US macroeconomic shocks to Germany using a large-dimensional structural dynamic factor model. This framework allows us to investigate many transmission channels simultaneously, including "new" channels such as stock markets, foreign direct investment,...
Persistent link: https://www.econbiz.de/10014064587
The 2007 sub-prime crisis in the United States, prolonged by a severe economic recession spread over many countries around the world, has led many economic researchers to focus on the recent fluctuations in housing prices and their relationships with macroeconomics and monetary policies. The...
Persistent link: https://www.econbiz.de/10013142705
This paper describes the different institutional frameworks for infrastructure policy in Germany and France. The economic effects of infrastructure are estimated econometrically for German and French regions. We find evidence that regional road infrastructure has a significant impact on regional...
Persistent link: https://www.econbiz.de/10010278066
In the paper, productivity convergence is analyzed with a broad panel of industry sector data for the United States and … had a significant effect on German sectoral productivity growth in the sixties and seventies. Some part of the catching …-up is due to capital-deepening, but most of it is total factor productivity convergence, i.e. endogenous growth models …
Persistent link: https://www.econbiz.de/10009542183
impact of infrastructure endowment on economic out-put. First, infrastructure is a production input and raises productivity …
Persistent link: https://www.econbiz.de/10014206829
This paper describes the different institutional frameworks for infrastructure policy in Germany and France. The economic effects of infrastructure are estimated econometrically for German and French regions. We find evidence that regional road infrastructure has a significant impact on regional...
Persistent link: https://www.econbiz.de/10005772934