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Monetary and exchange rate policy under remittance fluctuations
Mandelman, Federico S. - 2011
Using data for the Philippines, I develop and estimate a heterogeneous agent model to analyze the role of monetary policy in a small open economy subject to sizable remittance fluctuations. I include rule-of-thumb households with no access to financial markets and test whether remittances are...
Persistent link: https://www.econbiz.de/10008909031
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Monetary and Exchange Rate Policy Under Remittance Fluctuations
Mandelman, Federico - 2014
Using data for the Philippines, I develop and estimate a heterogeneous agent model to analyze the role of monetary policy in a small open economy subject to sizable remittance fluctuations. I include rule-of-thumb households with no access to financial markets and test whether remittances are...
Persistent link: https://www.econbiz.de/10013068346
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Law, Trade, and Development
Moenius, Johannes; Berkowitz, Daniel - 2010
This paper uses a Ricardian model to generate predictions about the influence of institutions on trade in differentiated (complex) and commoditized (simple) products and then uses a rich international trade data set for empirical tests. The model draws the distinction between the role of...
Persistent link: https://www.econbiz.de/10014072429
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Economic development, exchange rates, and the structure of trade
Kónya, István - 2005
particular, the discrepancy is explained by the different composition of consumption and trade patterns of rich and poor …
Persistent link: https://www.econbiz.de/10011560686
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Dynamics of Chinese comparative advantage
Hinloopen, Jeroen; Marrewijk, Charles van - 2004
We analyze the dynamics of Chinese comparative advantage as measured by export shares and the Balassa index using 3-digit and 4-digit sectors for the period 1970 – 1997. We use novel tools to identify periods of rapid structural change and the persistence of comparative advantage, such as...
Persistent link: https://www.econbiz.de/10011334830
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Financial Deepening, Terms of Trade Shocks and Growth in Low-Income Countries Countries
Kpodar, Kangni - 2019
This paper contributes to the literature by looking at the possible relevance of the structure of the financial system—whether financial intermediation is performed through banks or markets—for macroeconomic volatility, against the backdrop of increased policy attention on strengthening...
Persistent link: https://www.econbiz.de/10012870530
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Financial Deepening, Terms of Trade Shocks, and Growth Volatility in Low-Income Countries
Kpodar, Kangni - 2019
This paper contributes to the literature by looking at the possible relevance of the structure of the financial system-whether financial intermediation is performed through banks or markets-for macroeconomic volatility, against the backdrop of increased policy attention on strengthening growth...
Persistent link: https://www.econbiz.de/10012871772
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Economic integration and the exchange rate regime : how damaging are currency crises?
Weber, Axel A.; Beck, Günter W. - 2003 - This version: October 2003
We use consumer price data for 205 cities/regions in 21 countries to study PPP deviations before, during and after the major currency crises of the 1990s. We combine data from industrialized nations in North America (Unites States, Canada and Mexico), Europe (Germany, Italy, Spain and Portugal),...
Persistent link: https://www.econbiz.de/10009767677
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Exchange rates, international trade and growth : re-evaluation of underevaluation
Sokolova, Maria V. - 2016 - This version: June 2016
This paper shows that a regional bias resulting from trade integration alters the transmission of a countryś monetary policy by shifting the burden of the exchange rate adjustment towards the less integrated trading partners. I first develop a simple model which illustrates how a concentration...
Persistent link: https://www.econbiz.de/10011490957
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Commodities and International Business Cycles
Kim, Myunghyun - 2018
standard model. In particular, the output correlation between the two countries increases and the consumption correlation falls … consumption correlation, which mitigates the “quantity anomaly” that was previously noted in the literature. Commodity consumption … and the complementarity between commodities and noncommodity goods in consumption play key roles in generating this result …
Persistent link: https://www.econbiz.de/10012906281