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from this study show that commodity prices as represented by oil price changes and the growth of China's economy are the …
Persistent link: https://www.econbiz.de/10012062695
and regain autonomy in its monetary policy, China needs to move toward a free floating exchange rate system by refraining …
Persistent link: https://www.econbiz.de/10014055361
The revolutionary changes in information technology (IT), globalization and financial innovation have overturned the Solow productivity paradox and spawned the New Economy (NE) in Australia in the late 1990s. Both growth accounting estimates and the use of the information superhighway rank...
Persistent link: https://www.econbiz.de/10013104440
In this paper we analyse the price competitiveness of the Italian regions by computing the Real Effective Exchange Rate (REER) for each region, deflated by CPI and vis-à-vis the main partner countries. We use them to look for the medium-term determinants, finding significant heterogeneities in...
Persistent link: https://www.econbiz.de/10012889778
We examine the role of capital account policy pertaining to productivity growth and labor allocation at the sectoral level. Using panel data from 45 countries from 1985–2012, we find that capital controls combined with reserve accumulation — strategic capital account policy — contribute to...
Persistent link: https://www.econbiz.de/10012844518
macroeconomic variables in China, as well as guidelines for reform of RMB exchange rate regime. The long-run equilibrium … relationship between RMB exchange rate and macroeconomic variables of China is examined by applying the non-parametric rank tests …-correction process in China. Our results have important policy implications for Chinese government under study …
Persistent link: https://www.econbiz.de/10013082344
People's Republic of China's growth has increased significantly since 2008. In particular, the variance of US dollar exchange …
Persistent link: https://www.econbiz.de/10012861141
's Republic of China's growth has increased significantly since 2008. In particular, the variance of US dollar exchange rates has …
Persistent link: https://www.econbiz.de/10011992197
In this paper I investigate the relevance of the exchange rate regime for macroeconomic stability. I simulate hypothetical macroeconomic developments under different regimes in Sweden during the period 1972 -1996. The main question is how stable output would have been if Sweden had had a...
Persistent link: https://www.econbiz.de/10010321762
Recent studies on the growth effects of exchange rate regimes offer a wide range of different, sometimes contradictory results. In this paper, we systematically compare three prominent contributions in this field. Using a common data set, a common specification, and common estimation methods, we...
Persistent link: https://www.econbiz.de/10011430062