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and uncertainty shocks. Voting for Brexit had large negative effects on the UK economy between 2016 and 2019, leading to …
Persistent link: https://www.econbiz.de/10012806478
react differently to changes in political uncertainty and economic variables. While import flows are more rigid and do not …
Persistent link: https://www.econbiz.de/10012138102
targets for macroeconomic convergence, intending to eliminate exchange rate uncertainty within the bloc and reduce the costs … the set macroeconomic targets has been very slow, resulting in high exchange rate uncertainty within the region. It is … on the exchange rate uncertainty of EAC states using secondary panel data. The study made use of standard deviation and …
Persistent link: https://www.econbiz.de/10012803220
This paper analyzes the role of uncertainty on both exchange rate expectations and forecast errors of professionals for … uncertainty as well as disagreement among CPI inflation forecasters to account for different dimensions of uncertainty. Based on a … uncertainty and disagreement among exchange rate forecasters and identify a strong relationship between them. …
Persistent link: https://www.econbiz.de/10011532311
increases strengthen these currencies to different extents. In contrast, heightened geopolitical uncertainty and associated oil …
Persistent link: https://www.econbiz.de/10012214320
of global macroeconomic uncertainty - is a factor that is robustly priced in currency excess returns. A widening of the …
Persistent link: https://www.econbiz.de/10011517046
In studies concluding that public debt may hamper GDP growth, the debt tipping effects are estimated as if there were a single global currency. This means that such studies ignore the likely biggest cause of changes in growth rates, namely damage from exchange rate liquidity shocks because we do...
Persistent link: https://www.econbiz.de/10010340537
In studies concluding that public debt may hamper GDP, the debt tipping effects are estimated as if there were a single world currency. This means that such studies ignore the likely biggest cause of changes in growth rates, namely damage from exchange rate liquidity shocks because we do not...
Persistent link: https://www.econbiz.de/10009748247
, lending support for the real option channel of uncertainty on the dollar exchange rate. These findings are robust to a battery … of tests, including controlling for uncertainty, financial crises and using an instrumental variable strategy exploiting …
Persistent link: https://www.econbiz.de/10014350158
In this paper we analyse the relationship between increased exchange rate flexibility and economic growth and its volatility in emerging market economies. We also investigate the implications of exchange rate flexibility for financial market development. We do not find a robust correlation...
Persistent link: https://www.econbiz.de/10013047272