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US shocks and global exchange rate configurations
Fratzscher, Marcel - 2007
The paper analyses the heterogeneity in the link between macroeconomic fundamentals and exchange rates. For a set of … exchange rate configurations over the past 25 years. Despite a significant decline over time, this heterogeneity remains high … effective US dollar exchange rate. The paper finds that this heterogeneity is not only due to policy choices of inflexible …
Persistent link: https://www.econbiz.de/10011604881
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Exchange rate movements, firm-level exports and heterogeneity
Berthou, Antoine; Dhyne, Emmanuel - 2018
heterogeneity, we test in particular how the exchange rate elasticity may be a..ected by firm-level productivity, and how the …
Persistent link: https://www.econbiz.de/10011902260
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Heterogeneity in exchange rate expectations: evidence on the chartist-fundamentalist approach
Menkhoff, Lukas; Rebitzky, Rafael R.; Schröder, Michael - 2008
This paper examines heterogeneity in exchange rate expectations. Whereas agents' heterogeneity is key in modern … exchange rate models, evidence on determinants of heterogeneity is weak so far. Our sample, covering expectations from about … heterogeneity. The risk premium influences heterogeneity as well, but possible impacts from macroeconomic variables and exchange …
Persistent link: https://www.econbiz.de/10010264519
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Purchasing power parity and the European single currency: some new evidence
Christidou, Maria; Panagiotidis, Theodore - 2010
The effect of the single currency on the Purchasing Power Parity (PPP) hypothesis is examined in this study for the 15 EU countries, vis a vis the US dollar, before and after the advent of the euro. Standard as well as nonlinear unit root tests are employed on the time series dimension. Unit...
Persistent link: https://www.econbiz.de/10010273678
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Markups, Quality, and Trade Costs
Chen, Natalie; Juvenal, Luciana - 2019
We investigate theoretically and empirically how exporters adjust their markups across destinations depending on bilateral distance, tariffs, and the quality of their exports. Under the assumption that trade costs are both ad valorem and per unit, our model predicts that markups rise with...
Persistent link: https://www.econbiz.de/10012179812
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Dynamic pricing and exchange rate pass-through: Evidence from transaction-level data
Nagengast, Arne J.; Bursian, Dirk; Menz, Jan-Oliver - 2020
Dynamic pricing is a widely employed pricing strategy for goods and services in which firms flexibly set prices, taking into account current market conditions. This paper studies theoretically and empirically the role of this pricing strategy in explaining the heterogeneous response of consumer...
Persistent link: https://www.econbiz.de/10012180936
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Method versus cross-country heterogeneity in the exchange rate pass-through
Iorngurum, Tersoo David - 2023
684 estimates for 108 countries. Because there are many potential causes of heterogeneity, I use Bayesian model averaging …
Persistent link: https://www.econbiz.de/10014494988
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Herding, a-synchronous updating and heterogeneity in memory in a CBS
Diks, Cees G. H.; Weide, Roy van der - 2003
behavioralassumptions: (i) herd behaviour; (ii) a-synchronous updating ofbeliefs; and (iii) heterogeneity in time horizons (memory …,1$) innovations, and predicts a relation between the ARCH and GARCH coefficients. Heterogeneity in memory leads to long …
Persistent link: https://www.econbiz.de/10011334332
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Exchange rate movements, firm-level exports and heterogeneity
Berthou, Antoine; Dhyne, Emmanuel - 2018
heterogeneity, we test in particular how the exchange rate elasticity may be a..ected by firm-level productivity, and how the …
Persistent link: https://www.econbiz.de/10011901956
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Dynamic pricing and exchange rate pass-through : evidence from transaction-level data
Nagengast, Arne J.; Bursian, Dirk; Menz, Jan-Oliver - 2020
Dynamic pricing is a widely employed pricing strategy for goods and services in which firms flexibly set prices, taking into account current market conditions. This paper studies theoretically and empirically the role of this pricing strategy in explaining the heterogeneous response of consumer...
Persistent link: https://www.econbiz.de/10012180768