Many studies investigating the relation between inflation and exchange rates have found that exchange rates influenced inflation, while other studies have failed to do so or reported mixed results. These findings, however, might be spurious as the majority of the earlier investigations suffered...

This paper reports evidence that the aggregate profit of the U.S. manufacturing industry is affected by fluctuations in the real exchange rate of the dollar. Using quarterly data covering the 1975Q1-1993Q4 period, regression of the manufacturing profit on the exchange rate and other key...

The Reserve Bank of India (RBI) has moved away from a broad money target toward a quot;multiple indicatorsquot; approach to the conduct of monetary policy. In adopting such a framework, it is necessary to know which of the many potential indicators provide the most reliable and timely...

Korean Abstract: 최근 우리 경제의 수출호조 및 내수부진에 대한 원인으로는 산업연관관계의 약화 등 경제구조적 접근과 외환위기 이후 환율상승이 수입 자본재 가격 상승과 실질소득의 둔화를 통해 내수를 위축시켰다는...

This paper analyzes the effects of the trade and financial networks on the propagation of the global financial crisis of 2008. We adopt a new methodology that incorporates a dynamic network approach into econometric analysis. Some interesting results are obtained. Firstly, both the trade and...