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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

This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...

Persistent link: https://www.econbiz.de/10011473872

Equilibrium real effective exchange rates and real exchange rate misalignments : time series vs. panel estimates

Hossfeld, Oliver - 2010

We follow the behavioral equilibrium exchange rate approach by Clark and MacDonald (1998) to derive equilibrium real effective exchange rates and currency misalignments for the US and its 16 major trading partners. We apply cointegration and panel cointegration techniques to derive fully...

Persistent link: https://www.econbiz.de/10011374380

Real exchange rate variations, nontraded goods and disaggregated CPI data

Hernandez Vega, Marco A. - 2012

The behavior of the real exchange rate, measuring movements in the relative consumer price indexes between countries, remains a prominent puzzle in international macroeconomics. Two key theories of the real exchange rate differ in the role played by goods not traded internationally. On one hand,...

Persistent link: https://www.econbiz.de/10009580815

The US dollar and the trade deficit : what accounts for the late 1990s?

Hunt, Benjamin F.; Rebucci, Alessandro - In: International finance 8 (2005) 3, pp. 399-434

Persistent link: https://www.econbiz.de/10003242835

The U.S. dollar and trade deficit: what accounts for the late 1990s?

Hunt, Benjamin F.; Rebucci, Alessandro - 2003

Persistent link: https://www.econbiz.de/10001871833

The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990s?

Hunt, Ben; Rebucci, Alessandro - 2021

between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the … second half of the 1990s. The paper concludes that the Balassa-Samuelson effect of such a productivity shock is only part of … the story. A second shock, a broadly defined risk premium shock, and some uncertainty about the persistence of both shocks …

Persistent link: https://www.econbiz.de/10013317763

The U.S. Dollar and the Trade Deficit : What Accounts for the Late 1990's?

Hunt, Ben - 2003

between the United States and the rest of the world, this paper asks to what extent an asymmetric productivity shock in the … second half of the 1990s. The paper concludes that the Balassa-Samuelson effect of such a productivity shock is only part of … the story. A second shock, a broadly defined “risk premium” shock, and some uncertainty about the persistence of both …

Persistent link: https://www.econbiz.de/10014399692

A primer on real effective exchange rates: Determinants, overaluation, trade flows and competitive devaluation

Chinn, Menzie David - In: Open economies review 17 (2006) 1, pp. 115-143

Persistent link: https://www.econbiz.de/10003286109

A primer on real effective exchange rates : determinants, overvaluation, trade flows and competitive devaluation

Chinn, Menzie David - 2005

Persistent link: https://www.econbiz.de/10003130647

Four essays in macroeconomic modeling of exchange rates, interest rates and commodity prices

Gubler, Matthias - 2012

This thesis consists of four chapters that examine different policy relevant economic processes related to exchange rates, interest rates and commodity prices. In the first chapter we empirically analyze the relationship between carry trade positions and some key financial as well as...

Persistent link: https://www.econbiz.de/10009562271

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