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A Short-Run Analysis of Exchange Rates and International Trade with an Application to Australia, New Zealand, and Japan

Anson, José; Boffa, Mauro; Helble, Matthias - East Asian Bureau of Economic Research (EABER) - 2014

The information and communication technology (ICT) revolution of the past 3 decades has transformed the world into an integrated marketplace. Today, producers and consumers alike are able to compare the prices of local businesses and worldwide sellers. For an increasing number of tradable goods,...

Persistent link: https://www.econbiz.de/10010857580

A Short-Run Analysis of Exchange Rates and International Trade with an Application to Australia, New Zealand, and Japan

Anson, José; Boffa, Mauro; Helble, Matthias - East Asian Bureau of Economic Research (EABER) - 2014

Persistent link: https://www.econbiz.de/10010857584

Local Manufacturing Hurt by Depreciations in a Theoretical Model Reflecting the Australian Experience

Selten, Reinhard - 2000

The model is motivated by data showing that the Australian production of local manufactures is hurt by depreciations and invigorated by appreciations. The paper briefly presents such evidence and then proceeds to a theoretical analysis. The model aims at capturing short-to-medium run exchange...

Persistent link: https://www.econbiz.de/10014182703

Commodity currencies and monetary policy

Devereux, Michael B.; Smith, Gregor W. - 2018

mechanism and test the over-identifying restrictions for Australia, Canada, and New Zealand. For all three countries …

Persistent link: https://www.econbiz.de/10011896639

Monetary Policy's Rising FX Impact in the Era of Ultra-Low Rates

Ferrari, Massimo - 2017

We show that the FX impact of monetary policy has been growing significantly. We use a high-frequency event study of the joint response of fixed income instruments and exchange rates to monetary policy news from seven major central banks spanning 2004-2015. News affecting short maturity bonds...

Persistent link: https://www.econbiz.de/10012962972

Rethinking Long Memory and Structural Breaks in the Forward Premium

Li, Xiaoming - 2009

This paper documents new results that the ability of structural breaks to explain away non-stationary long memory in the forward premium weakens considerably with higher-frequency data. For daily data, removing structural breaks does not make non-stationary long memory stationary, contrary to...

Persistent link: https://www.econbiz.de/10013159266

Monetary Policy's Rising FX Impact in the Era of Ultra-Low Rates

Ferrari, Massimo - 2017

Persistent link: https://www.econbiz.de/10012958823

The Impact of Exchange Rate Volatility on Korea-Japan Trade Flows : An Industry Level Analysis

Uprasen, Utai - 2017

-à-vis Japan. The study is conducted by employing disaggregated trade data (3-digit level of SITC product) to avoid the aggregation … between Korea and Japan in both short run and long run. Nevertheless, the majority of industries are unaffected in the long …

Persistent link: https://www.econbiz.de/10012952368

Vertical Product Differentiation and Exchange Rate Pass-Through : Evidence from Trade between China and Japan

Hu, Dongmei - 2015

dataset that includes highly disaggregated products traded between China and Japan from Jan 2000 to Dec 2008, we proxy product … high end while Chinese exports to Japan are more on the low end. Our further empirical tests show that exchange rate pass …-through to Chinese Yuan selling prices of Japan imports is incomplete and is strongly affected by the degree of vertical …

Persistent link: https://www.econbiz.de/10013022085

Coping With the Rising Yen : Japan's Recent Export Experience

Klitgaard, Thomas - 2007

Despite an appreciating yen, Japanese firms have managed to maintain strong export sales growth during the first half of the 1990s. Their strategies? Cutting the yen price of exports and shifting production to higher-value merchandise

Persistent link: https://www.econbiz.de/10014225479