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Comparison of static and dynamic analyses on exchange rate regimes in East Asia

Yoshino, Naoyuki; Kaji, Sahoko; Asonuma, Tamon - 2015

This paper compares three methods of analyzing exchange rate regimes in East Asia: static analysis, conventional dynamic analysis, and dynamic transition analysis. First we provide quantitative results that both estimated parameters for Thailand and time intervals are applied symmetrically...

Persistent link: https://www.econbiz.de/10011283725

Utility functions, fiscal shocks and the open economy : in the search of a positive consumption multiplier

Wegmueller, Philipp - 2014 - This version: October 3, 2014

This paper analyzes the dynamic effects of a fiscal policy shock and its transmission mechanism in a small open economy and compares the responses under different specifications of the utility function. The traditional Mundell-Flemming model tells that fiscal policy is more effective under a peg...

Persistent link: https://www.econbiz.de/10010414839

Exchange rate fluctuations and labour market adjustments in Canadian manufacturing industries

Bruneau, Gabriel; Moran, Kevin - 2015

We estimate the link between exchange rate fluctuations and the labour input of Canadian manufacturing industries. The analysis is based on a dynamic model of labour demand, and the econometric strategy employs a panel two-step approach for cointegrating regressions. Our data are drawn from a...

Persistent link: https://www.econbiz.de/10011408683

Foreign exchange interventions : the long and the short of it

Alexander, Patrick; Alpanda, Sami; Kabaca, Serdar - 2022 - Last updated: June 6, 2022

This paper studies the effects of foreign exchange (FX) interventions in a two-region New Keynesian model where governments issue both short-term and long-term bonds. Imperfect substitutability between bonds gives rise to portfolio balance effects that make FX interventions effective....

Persistent link: https://www.econbiz.de/10013252982

Exports and the exchange rate : a general equilibrium perspective

Alexander, Patrick; Reza, Abeer - 2022 - Last updated: April 4, 2022

Understanding and predicting the evolution of exports after a change in the nominal exchange rate is of central importance in international economics. Most of the literature focuses on estimating this relationship by reduced form, with the aim of uncovering a single structural parameter, but...

Persistent link: https://www.econbiz.de/10013172465

The ECB'’s unconventional monetary policy and the role of exchange rate regimes in cross-country spillovers

Jensen, Jakob Roager; Mikkelsen, Jakob Guldbæk; … - 2017

We study the impact of the ECB's large scale asset purchase programme on selected euro area and neighbouring countries. The effects of the programme are assessed by conducting an event study as well as by estimating a structural VAR model using a shadow short rate as a measure of the monetary...

Persistent link: https://www.econbiz.de/10011740711

Effective exchange rate regimes and inflation

Harms, Philipp; Knaze, Jakub - 2021 - This version: February 5, 2021

This paper introduces a new effective exchange rate regime classification. Traditional classifications define the stability or flexibility of a currency with respect to one ("anchor") currency, thus implicitly neglecting information on exchange rate relationships against other currencies. Our...

Persistent link: https://www.econbiz.de/10013329739

The Tale of Three Amigos : Remittances, Exchange Rates and Money Demand in Mexico

Vargas-Silva, Carlos - 2007

This article analyzes the relationship between remittances, exchange rates and money demand in Mexico. We find that … shocks to remittances have a positive impact on domestic money demand. The results also suggest the existence of a bi …-directional relationship between remittances and the exchange rate. Furthermore, positive shocks to remittances are found to have a negative …

Persistent link: https://www.econbiz.de/10012777996

Remittances and The Myth of the Exchange Rate's Power : The Case of Mexico

Coutino, Alfredo - 2021

Remittances to Mexico have increased more than six times in the past two decades. The boom in remittances can be … with the amount of remittances received by Mexico. Contrary to what some researchers argue, we find that despite the … existence of some correlation between remittances and the peso's value vis-a-vis the dollar, there is no evidence of statistical …

Persistent link: https://www.econbiz.de/10013238312

To Smooth or Not to Smooth - the Impact of Grants and Remittances on the Equilibrium Real Exchange Rate in Jordan

Petri, Martin - 2006

This paper estimates the effect of grants and workers' remittances on Jordan's long-term equilibrium real exchange rate … the period 1964 to 2005. Controlling for other fundamentals, we find that both grants and workers' remittances appreciate …

Persistent link: https://www.econbiz.de/10012779036

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