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Exchange Rate Volatility Effects on the German Labor Market : A Survey of Recent Results and Extensions

Buscher, Herbert S.; Stirböck, Claudia - 2021

In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given …. With regard to the West German unemployment, the effects of volatility are empirically analyzed using three different … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …

Persistent link: https://www.econbiz.de/10013321407

Model instability in predictive exchange rate regressions

Hauzenberger, Niko; Huber, Florian - 2018

In this paper we aim to improve existing empirical exchange rate models by accounting for uncertainty with respect to the underlying structural representation. Within a flexible Bayesian non-linear time series framework, our modeling approach assumes that different regimes are characterized by...

Persistent link: https://www.econbiz.de/10011930302

Currency Substitution as a Built-in De-Stabilizer

ATBAŞI, Ferda DÖNMEZ - In: Ekonomik Yaklasim 22 (2011) 80, pp. 1-17

volatility even without market imperfections. We first introduce currency substitution as a factor which becomes intertwined with …

Persistent link: https://www.econbiz.de/10010814286

Long Swings and Chaos in the Exchange Rate in a DSGE Model with a Taylor Rule

Bask, Mikael - 2007

A DSGE model with a Taylor rule is augmented with an evolutionary switching between technical and fundamental analyses in currency trade, where the fractions of these trading tools are determined within the model. Then, a shock hits the economy. As a result, chaotic dynamics and long swings may...

Persistent link: https://www.econbiz.de/10014222710

Volatile and Persistent Exchange Rates : How Important are Distribution Costs?

Jin, Yi; Zeng, Zhixiong - 2007

This paper studies the role played by distribution costs in shaping exchange rate behavior over the business cycle. We assume, realistically, that transactions on tradable goods require a component of nontradable distribution services. This naturally drives a wedge between retail prices in...

Persistent link: https://www.econbiz.de/10014222830

Exchange-Rate Swings and Foreign Currency Intervention

Filardo, Andrew; Gelos, Gaston; McGregor, Thomas - 2022

This paper develops a new approach for exploring the effectiveness of foreign currency intervention, focusing on real exchange cycles. Using band spectrum regression methods, it examines the role of macroeconomic fundamentals in determining the equilibrium real exchange rate at short-, medium-,...

Persistent link: https://www.econbiz.de/10014079011

Effective Exchange Rates in Central and Eastern European Countries: Cyclicality and Relationship with Macroeconomic Fundamentals

Stavarek, Daniel; Miglietti, Cynthia - Provozně ekonomická fakulta, Mendelova Univerzita v Brnĕ - 2014

economy. Additionaly, short-term volatility and medium-term variability of effective exchange rates are examined. The results … suggest that flexible exchange rate arrangements are reflected in higher volatility and variability of nominal as well as real …

Persistent link: https://www.econbiz.de/10011156408

Exchange Rates, Currency Crises and Recessions - Introduction

Larraín, Felipe - In: Latin American Journal of Economics-formerly Cuadernos … 40 (2003) 121, pp. 633-634

Persistent link: https://www.econbiz.de/10005509988

Influence of real exchange rate on the finance-growth nexus in the West African region

Ehigiamusoe, Kizito Uyi; Hooi Hooi Lean - In: Economies : open access journal 7 (2019) 1/23, pp. 1-21

This study examines the moderating effects of the real exchange rate and its volatility on the finance-growth nexus in … levels of the real exchange rates and its volatility. The findings show that financial development has a long-term positive … impact on economic growth, but this impact is weakened by real exchange rate and its volatility. The marginal effects of …

Persistent link: https://www.econbiz.de/10012020497

Do remittances worsen export diversification?

Vardanyan, Erik - 2019

trade improvement and rise of real exchange rate volatility mostly increase export concentration rather than alter number of …

Persistent link: https://www.econbiz.de/10012051031