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Financial Shocks and Exchange Market Pressure
Patnaik, Ila - 2020
The taper tantrum episode induced a sudden outflow of capital from emerging markets back to the United States. This paper analyzes exchange market pressure in 93 developing and emerging market economies during this episode, drawing on recent methodological improvements in measuring exchange...
Persistent link: https://www.econbiz.de/10012835369
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Dimensions of the Argentine Crisis 2001/02 - A Critical Survey of Politico-Economical Explanations
Bernhardt, Thomas - 2012
When the Argentine economy collapsed in the final days of December 2001, in fact, this did not come too much as a surprise. The country had entered its fourth consecutive year of recession and skepticism about the sustainability of its economic model was widespread. However, the magnitude of the...
Persistent link: https://www.econbiz.de/10013100346
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Sources of real exchange rate fluctuations : the role of supply shocks revisited ; conference paper
Gehrke, Britta; Yao, Fang - 2013 - This version: August 2013
This paper re-examines the role of real supply shocks in international business cycles. In contrast to previous studies, we extend the concept of supply shocks beyond the productivity shock towards labor supply shocks. Our analysis simultaneously identifies five real and nominal disturbances in...
Persistent link: https://www.econbiz.de/10010344601
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Phillips curve shocks and real exchange rate fluctuations : SVAR evidence
Gehrke, Britta; Yao, Fang - 2014
Steinsson (2008) shows that real shocks that affect the New Keynesian Phillips curve explain the behavior of the real exchange rate in a sticky-price business cycle model. This paper reveals that these shocks are important for the volatility of the real exchange rate in the data. In a structural...
Persistent link: https://www.econbiz.de/10010400806
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Asset Prices, Real Exchange Rate and Current Account Fluctuations : Some Structural VAR Evidence for Thailand
Jiranyakul, Komain - 2017
This paper is motivated by the controversial issue in the literature pertaining to the impact of real exchange rate, housing prices and stock prices on current account fluctuations. Thailand's quarterly data are used to examine the impacts of shocks to asset prices and real exchange rate on the...
Persistent link: https://www.econbiz.de/10012967437
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Bank Balance Sheets and External Shocks in Asia : The Role of Fxi, Mpms and Cfms
Chen, Zefeng; Nadeem, Sanaa; Peiris, Shanaka - 2021
In emerging Asia, banks constitute the dominant source of financing consumption and investment, and bank balance sheets …
Persistent link: https://www.econbiz.de/10013243072
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Fiscal policies in high-debt Euro-area countries
Cavallo, Antonella; Dallari, Pietro; Ribba, Antonio - 2018 - 1st edition 2018
Persistent link: https://www.econbiz.de/10011782356
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Fiscal Policies in High Debt Euro-Area Countries
Cavallo, Antonella; Ribba, Antonio; Dallari, Pietro - 2018
outcome of fiscal shocks is strongly related to debt levels. The Euro-area countries included in the investigation are Greece …, Ireland, Italy, the Netherlands, Spain, and Portugal, over the sample period 1999-2016, i.e., the EMU period. The main … (And Should) Germany Do It? Spillovers of German Fiscal Policies in the Euro Area -- 7 The labor market outcomes of …
Persistent link: https://www.econbiz.de/10012397755
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German wage moderation and European imbalances : feeding the Global VAR with theor
Bettendorf, Timo; León-Ledesma, Miguel A. - 2015
bargaining shock. We then impose these restrictions on a Global VAR consisting of Germany and 8 EMU countries to identify a wage … bargaining shock in Germany. Our results show that, although the German current account was significantly affected by wage …
Persistent link: https://www.econbiz.de/10010532618
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Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999-2000?
Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001
: aggregate supply shocks, aggregate spending shocks, and monetary shocks. Applying a structural VAR to data for the eurozone and …
Persistent link: https://www.econbiz.de/10011473872