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Explaining inflation with a classical dichotomy model and switching monetary regimes : Mexico 1932-2013

Garcés Díaz, Daniel G. - 2017

This paper applies a novel approach to study the impact of different shocks on the price level. It uses a classical dichotomy model with monetary policy regime shifts at known dates. First, there was a regime dominated by money, afterwards a regime driven by the exchange rate and a third one...

Persistent link: https://www.econbiz.de/10011759587

Asymmetric cointegration between exchange rate and trade balance in Nigeria

Alhaji Jibrilla, Aliyu; Tijjani, Shehu Mohammed - In: Cogent economics & finance 3 (2015) 1, pp. 1-19

This paper empirically examines the long-run pass through of the official exchange rates into trade balance in Nigeria by means of threshold cointegration and asymmetric error correction modeling. The study provides evidence for non-linear cointegration between our variables of interest. The...

Persistent link: https://www.econbiz.de/10011449671

Volatility linkages between agricultural commodity prices, oil prices and real USD exchange rate : the case of Colombia

Guellil, Mohammed Seghir; Belmokaddem, Mostéfa; … - In: Revista de métodos cuantitativos para la economía y … 26 (2018), pp. 71-83

This study examines the dynamic nexus betwixt oil prices, twenty-two world agricultural commodity prices and given the evolution of the relative strength of the US dollar in a panel setting. We use panel cointegration and Panel Granger causality methods for a panel of twenty-two agricultural...

Persistent link: https://www.econbiz.de/10012023904

Oil prices and the US effective exchange rate : a hidden cointegration analysis

Rafailidis, Panagiotis; Katrakilides, K. - In: Economics and Business Letters : EBL 5 (2016) 4, pp. 134-144

Persistent link: https://www.econbiz.de/10011715968

Why has the Norwegian krone exchange rate been persistently weak? : a fully simultaneous VAR approach

Benedictow, Andreas; Hammersland, Roger - 2022

We identify variables that help explain the persistent weakness of the Norwegian krone since 2016 within a fully simultaneous model of the underlying process driving the krone-euro exchange rate. In addition to a set of fundamental variables we consider non-traditional explanatory variables...

Persistent link: https://www.econbiz.de/10013257136

Exchange Rate Dynamics in Indonesia : 1980-1998

Saxena, Sweta Chaman - 2004

This paper estimates the equilibirum level of the real exchange rate for Indonesia in order to measure the extent of overvaluation of the rupiah at the time of the Asian crisis in 1997. The equilibrium level of the real exchange rate is measured using cointegration approach, unobserved component...

Persistent link: https://www.econbiz.de/10014073319

The Impact of Real Oil Price on Real Effective Exchange Rate : The Case of Azerbaijan

Fakhri, Hasanov Javanshir - 2010

Using quarterly data from 2000-2007 and applying Error Correction Model and Johansen Co-integration Approaches I estimate the impact of real oil price on the real exchange rate of Azerbaijani manat. Estimation outputs derived from these approaches are very close to each other and indicate that...

Persistent link: https://www.econbiz.de/10013139290

The Impact of Real Oil Price on Real Effective Exchange Rate : The Case of Azerbaijan

Fakhri, Hasanov - 2011

Persistent link: https://www.econbiz.de/10013128589

Exchange rate regimes in India : central bank interventions and purchasing power parity in the context of ASEAN currencies

Siddharth, Angad; Alexiou, Constantinos; Vogiazas, Sofoklis - In: Economies : open access journal 12 (2024) 4, pp. 1-21

) interventions and the validity of Purchasing Power Parity (PPP) across two distinct exchange rate regimes: the fixed exchange rate … reveals that under the fixed exchange rate regime, the environment is conducive to PPP due to frequent interventions by the … RBI. However, in the managed floating regime, selective interventions weaken the applicability of PPP. These findings …

Persistent link: https://www.econbiz.de/10014635893

Modelling Ireland's exchange rates : from EMS to EMU

Bond, Derek (contributor); Harrison, Michael J. (contributor) - 2007

to 2003. It offers an overview of the theory of purchasing power parity (Ppp), focusing particularly on likely sources of … exchange rates are effectively modelled, and in the case of Ireland and Germany, Ppp is found to be valid not only in the long …

Persistent link: https://www.econbiz.de/10003616696