Narrow search
Showing 1 - 10 of 58,462
Cover Image
Panel data analysis of the proposed monetary union in the Southern African development community
Zerihun, Mulatu Fekadu; Breitenbach, Marthinus C. - In: Spoudai : journal of economics and business 67 (2017) 4, pp. 23-44
This paper examines the sensibility of a proposed monetary union in the Southern African Development Community (SADC). The study hypothesizes that the majority of the economies in the SADC region are candidates for a monetary union. We test this hypothesis against one of the prime optimal...
Persistent link: https://www.econbiz.de/10011843930
Cover Image
PPP Despite Real Shocks: An Empirical Analysis of the Norwegian Real Exchange Rate
Akram, Q. Farooq - 2000
Despite the emerging consensus on the validity of purchasing power parity (PPP) between trading countries in the long … run, empirical evidence in favour of the PPP theory is scarce in data predominantly exposed to real shocks. This paper … tests for PPP between Norway and its trading partners using quarterly observations from the post Bretton Woods period, in …
Persistent link: https://www.econbiz.de/10012143569
Cover Image
PPP Despite Real Shocks: An Empirical Analysis of the Norwegian Real Exchange Rate
Akram, Qaisar Farooq - Department of Economics, Oxford University - 2000
Despite the emerging consensus on the validity of purchasing power parity (PPP) between trading countries in the long … run, empirical evidence in favour of the PPP theory is scarce in data predominantly exposed to real shocks. This paper … tests for PPP between Norway and its trading partners using quarterly observations from the post Bretton Woods period, in …
Persistent link: https://www.econbiz.de/10010605226
Cover Image
EXCHANGE RATE PASS-THROUGH EFFECTS:A DISAGGREGATE ANALYSIS OF COLOMBIANIMPORTS OF MANUFACTURED GOODS
RINCÓN, HERNÁN; CAICEDO, ÉDGAR; RODRÍGUEZ, NORBERTO - In: ENSAYOS SOBRE POLÍTICA ECONÓMICA (2007)
This paper quantifi es the exchange rate pass-through effects on import prices within a sample of Colombian manufactured imports. Also, whether the foreign exchange and infl ation regimes affect the degree of pass-through is evaluated. The analytical framework used was a mark-up model. The main...
Persistent link: https://www.econbiz.de/10005603974
Cover Image
Exchange Rate Pass-Through Effects: A Disaggregate Analysis of Colombian Imports of Manufactured Goods
Rincón, Hernán; Caicedo, Edgar; Rodríguez, Norberto - Banco de la Republica de Colombia
Colombian monthly data covering the period from 1995:01 to 2002:11 and ECM, fixed and time-varying parameters and Kalman filter techniques are used in this paper to quantify the exchange rate pass-through effects on import prices within a sample of manufactured imports. Also, whether the foreign...
Persistent link: https://www.econbiz.de/10005113915
Cover Image
Pensions, debt and inflation risk in a monetary union
Adema, Yvonne - 2010
This paper investigates the international spillovers of government debt and the associated risk of inflation within a monetary union when countries have different pension systems. I use a stochastic two-country two-period overlapping-generations model, where one country has PAYG pensions and the...
Persistent link: https://www.econbiz.de/10011382085
Cover Image
Optimal monetary policy in a currency union : the role of the cost channel
Michaelis, Jochen - 2012
In this paper we introduce the cost channel of monetary policy (e.g., Ravenna and Walsh, 2006) into an otherwise standard New Keynesian model of a two-country monetary union, which is being hit by aggregate, asymmetric and idiosyncratic shocks. The single central bank implements the optimal...
Persistent link: https://www.econbiz.de/10009409356
Cover Image
Optimal monetary policy in a currency union : implications of a country-specific cost channel
Michaelis, Jochen; Palek, Jakob - 2014
There is growing empirical evidence that the strength of the cost channel of monetary policy differs across countries. Using a New Keynesian model of a two-country monetary union, we show how the introduction of a cost channel (differential) alters the optimal monetary responses to union-wide...
Persistent link: https://www.econbiz.de/10010393570
Cover Image
Pensions, Debt and Inflation Risk in a Monetary Union
Adema, Yvonne - 2010
This paper investigates the international spillovers of government debt and the associated risk of inflation within a monetary union when countries have different pension systems. I use a stochastic two-country two-period overlapping-generations model, where one country has PAYG pensions and the...
Persistent link: https://www.econbiz.de/10013135358
Cover Image
Pensions, Debt and Inflation Risk in a Monetary Union
Adema, Yvonne - 2010
This paper investigates the international spillovers of government debt and the associated risk of inflation within a monetary union when countries have different pension systems. I use a stochastic two-country two-period overlapping-generations model, where one country has PAYG pensions and the...
Persistent link: https://www.econbiz.de/10013136463