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A note on uncertainty due to infectious diseases and output growth of the United States : a mixed-frequency forecasting experiment
Salisu, Afees A.; Gupta, Rangan; Demirer, Rıza - In: Annals of financial economics 17 (2022) 2, pp. 1-9
Persistent link: https://www.econbiz.de/10013262971
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TAFTA: fuelling trade discrimination or global liberalisation?
Siebert, Horst; Langhammer, Rolf J.; Piazolo, Daniel - 1996
This paper analyses the prospects and problems of a Transatlantic Free Trade Area (TAFTA) between the European Union and the United States. Possible economic reasons for the proposal of TAFFA such as the intensity of bilateral trade and a strong interdependence in investment flows and the...
Persistent link: https://www.econbiz.de/10010277719
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TAFTA: fuelling trade discrimination or global liberalisation?
Siebert, Horst; Langhammer, Rolf J.; Piazolo, Daniel - Institut für Weltwirtschaft (IfW) - 1996
This paper analyses the prospects and problems of a Transatlantic Free Trade Area (TAFTA) between the European Union and the United States. Possible economic reasons for the proposal of TAFFA such as the intensity of bilateral trade and a strong interdependence in investment flows and the...
Persistent link: https://www.econbiz.de/10009276174
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Exchange rate volatility and choice of anchor currency : prospects for a Melanesian currency union
Lahari, Willie - 2011
This paper investigates an appropriate choice of anchor currency for a proposed Melanesian currency union under various hypothetical currency union arrangements. Drawing from the optimal currency area (OCA) theory and related extensions, the analysis focuses on the effects of a currency union on...
Persistent link: https://www.econbiz.de/10009409641
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The role of the Chinese dollar peg for macroeconomic stability in China and the world economy
Schnabl, Gunther - 2010
During the 1997/98 Asian crisis and the 2007-2010 world financial and economic crisis, China has proved to be a stabilizer for East Asia and the world. The paper stresses the crucial role of the dollar peg for macroeconomic stability in China. The paper explores the current role of China's...
Persistent link: https://www.econbiz.de/10009012482
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China and its Dollar exchange rate : a worldwide stabilizing influence?
McKinnon, Ronald I.; Schnabl, Gunther - 2011
We argue that criticism concerning the Chinese dollar peg is misplaced as no predictable link exists between the exchange rate and the trade balance of an international creditor economy. The stable nominal yuan/dollar rate is argued to have stabilized Chinese, East Asian and global growth....
Persistent link: https://www.econbiz.de/10009127709
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Exchange Rate or Wage Changes in International Adjustment? Japan and China Versus the United States
McKinnon, Ronald - 2008
Under the world dollar standard, a discrete appreciation by a dollar creditor country of the United States, such as China or Japan, has no predictable effect on its trade surplus. Currency appreciation by the creditor country will slow its economic growth and eventually cause deflation but...
Persistent link: https://www.econbiz.de/10014062517
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Confidence and the Transmission of Macroeconomic Uncertainty in U.S. Recessions
Zhang, Fang - 2016
This paper studies the role of confidence in the transmission of uncertainty shocks during U.S. recessions. I use … smooth-transition VAR to examine the regime-dependent effect of uncertainty shocks, and a counterfactual decomposition to … down the confidence channel leads to greatly dampened and less persistent effects of uncertainty shocks, especially during …
Persistent link: https://www.econbiz.de/10013002329
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Exchange rates and fundamentals: new evidence from real-time data
Ehrmann, Michael; Fratzscher, Marcel - 2004
. The exchange rate is also shown to respond more strongly to news in periods of large market uncertainty and when negative …
Persistent link: https://www.econbiz.de/10011604411
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What explains global exchange rate movements during the financial crisis?
Fratzscher, Marcel - 2009
A striking and unexpected feature of the financial crisis has been the sharp appreciation of the US dollar against virtually all currencies globally. The paper finds that negative US-specific macroeconomic shocks during the crisis have triggered a significant strengthening of the US dollar,...
Persistent link: https://www.econbiz.de/10011605106