Showing 1 - 10 of 1,037
Zinsdifferenzen allenfalls einen kurzfristigen Einfluss auf den Wechselkurs. Langfristig ist das Preisniveau entscheidend, so dass der …
Persistent link: https://www.econbiz.de/10010377557
This study explores a new modelling approach that bridges the gap between multilateral country-level data and the bilateral-model based, goods-market specific purchasing power parity (PPP) hypothesis. Under this approach, PPP is embedded in latent common factors, extractable from a large set of...
Persistent link: https://www.econbiz.de/10010295305
African countries have over the years experienced persistent current account deficits. The role of asymmetries in explaining the response of trade balance to exchange rate movement has not received adequate attention as linear models dominate extant empirical literature. In this paper, we...
Persistent link: https://www.econbiz.de/10013470700
Länder beeinflusst die Preiskonvergenz auf zweierlei Weise. Zum einen erhöht sich in der EU insgesamt der Druck auf die …
Persistent link: https://www.econbiz.de/10011601754
continuous time theory. In explanatory financial variability modelling this raises several methodological and practical issues …
Persistent link: https://www.econbiz.de/10010332964
This paper analyzes the price dynamics of Brazilian cities between 1995 and 2012 to identify stylized facts about price convergence, the reversal speed of deviations between relative prices and purchasing power parity (PPP). There is evidence of a strong reduction in the absolute dispersion of...
Persistent link: https://www.econbiz.de/10013466639
This paper provides an empirical investigation of the wage, price and unemployment dynamics that have taken place in Spain during the last two decades. The aim of this paper is to shed light on the impact of the European economic integration on Spanish labour market and the convergence to a...
Persistent link: https://www.econbiz.de/10010298624
This paper tests the Purchasing Power Parity Theory of Exchange Rates dealing with Argentinean data for the period 1900 … theory is not verified in Argentina, since its RER appears as a non-stationary variable, and there is no evidence of …
Persistent link: https://www.econbiz.de/10010289485
Persistent link: https://www.econbiz.de/10011467585
Persistent link: https://www.econbiz.de/10011467645