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The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10011772161
Persistent link: https://www.econbiz.de/10010386167
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10013052107
recently available World Input-Output Database (WIOD) to study the properties of the new measures of the REER for 40 countries …
Persistent link: https://www.econbiz.de/10012458430
Persistent link: https://www.econbiz.de/10011758002
As we can understand with the spread of GVCs, a lot of new questions emerge regarding the measurement of participation … and positioning in the globalised production process. The World Development Report (WDR) 2020 explains the GVC phenomenon … and then focus on participation and the prospects especially in a world of change in technology. From the overview section …
Persistent link: https://www.econbiz.de/10013244564
rates. Using the World Input-Output Database (WIOD) we employ the proposed indicators to shed new light on changes in cost …
Persistent link: https://www.econbiz.de/10012919512
effective exchange rates. Using the World Input-Output Database (WIOD) we employ the proposed indicators to shed new light on …
Persistent link: https://www.econbiz.de/10011842194
rates. Using the World Input-Output Database (WIOD) we employ the proposed indicators to shed new light on changes in cost …
Persistent link: https://www.econbiz.de/10011853655
Persistent link: https://www.econbiz.de/10012816924