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The pass-through effect: a twofold analysis
Forte, Antonio - 2009
In this paper I analyse the pass-through effect in four big areas using different approaches. On the one hand, I inspect this issue comparing the REER (real effective exchange rate) with the WARP (weighted average relative price) in the US, the UK, Japan and the Euro area. On the other hand, I...
Persistent link: https://www.econbiz.de/10011523678
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Estimando o desalinhamento cambial brasileiros a partir de modelos multivariados com cointegração
Marçal, Emerson Fernandes - 2011
was overvalued when compared to weighted basket of foreign currencies at the end of 2010. The model also suggests that the …
Persistent link: https://www.econbiz.de/10009314554
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Real Exchange Volatility and Economic Openness
Pae, Yuntaek - 2016
We suggest a pseudo economic openness that has a linear relationship with the real exchange rate volatility. The pseudo economic openness implies that the real exchange rate volatility is a concave function of pure economic openness. Therefore, the pseudo economic openness should be used to...
Persistent link: https://www.econbiz.de/10013008633
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Testing Exchange Rate Models in a Small Open Economy : An SVR Approach
Papadimitriou, Theophilos - 2017
We empirically test the validity of four popular monetary exchange rate models under five alternative inflation expectation approximations using the NOK/USD exchange rate. The selection of Norway seems appropriate as it is a small open economy that does not participate in most economic or...
Persistent link: https://www.econbiz.de/10012953815
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Purchasing Power Parity Based on Capital Account, Exchange Rate Volatility and Cointegration : Evidence from Some Developing Countries
Ahmed, Mudabber - 2008
One of the most important and recurrent concept in international macroeconomics is Purchasing Power Parity (PPP) hypothesis. PPP has been used as a theory of domestic price determination under fixed exchange rate regime and a theory of exchange rate determination under flexible exchange rate...
Persistent link: https://www.econbiz.de/10014215553
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Exchange Rates and Local Labor Markets
Goldberg, Linda S.; Tracy, Joseph S. - 2000
We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance...
Persistent link: https://www.econbiz.de/10014193865
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The Nominal Exchange Rate and Fundamentals : New Evidence from Threshold Unit Root Tests
Sekioua, Sofiane H. - 2003
monetary fundamentals for three major currencies vis-a-vis the US dollar is mean reverting. We are able to reject the null …
Persistent link: https://www.econbiz.de/10014075254
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Impacts of Real Effective Exchange Rate on Sudan Macroeconomic Variables
Mohamed, Issam A.W; Hamza, Hamza - 2012
). The present situation is confusing for all in Sudan with discrepancies in market effective foreign currencies and …
Persistent link: https://www.econbiz.de/10014041198
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Revisting the Effective Exchange Rates of the Euro
Schmitz, Martin - 2012
This paper describes in detail the methodology currently used by the European Central Bank (ECB) to determine the nominal and real effective exchange rate indices of the euro. Building on the work of Buldorini et al. (2002), it shows how the ECB's techniques for calculating effective exchange...
Persistent link: https://www.econbiz.de/10013113993
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The Puzzling Peso
Arteta, Carlos Oscar - 2009
U.S. dollar has risen (fallen) against other major currencies such as the euro, the peso has risen (fallen) against the … dollar. Very few other currencies display this behavior. In this paper, we attempt to explain the unusual pattern of the peso … currencies, we find that most of the cross-country variation in exchange rate correlations with the dollar and the euro can be …
Persistent link: https://www.econbiz.de/10013156075