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Persistent link: https://www.econbiz.de/10012116204
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Fiscal deficits, elevated debt-to-GDP ratios, and high inflation rates suggest hyperinflation could have potentially emerged in many European countries after World War I. We demonstrate that economic policy uncertainty was instrumental in pushing a subset of European countries into...
Persistent link: https://www.econbiz.de/10011855599
How does saving behavior of immigrants respond to changes in purchasing power parity between the source and host countries? We examine this question by building a theoretical model of joint return-migration and saving decisions of temporary migrants and then test its implications by using data...
Persistent link: https://www.econbiz.de/10011886875
An export slump is one of the major problems plaguing U S agriculture Many of the world economic forces, that had turned against U S farmers m the early eighties have now changed The exchange rate is one of these forces This article presents a simulation of the disparate impacts of depreciation...
Persistent link: https://www.econbiz.de/10010881988
This report presents the summary results of purchasing power parities (PPP) in the 2011 International Comparison Program in Asia and the Pacific and background information on the concepts that underpin the results. The PPPs are disaggregated by major economic aggregates which enable robust...
Persistent link: https://www.econbiz.de/10010942332
relative prices in microeconomic data. Error correction model estimates indicate that a different mix of shocks drives …, we find that micro relative prices exhibit every bit as much persistence as aggregate real exchange rates. These results … challenge theories of real exchange rate persistence based on sticky prices and heterogeneity across goods. © 2013 The President …
Persistent link: https://www.econbiz.de/10011009866
In this paper, we estimate ERPT into imported input prices and export prices using disaggregated quarterly trade data … for Switzerland over 2004–2011. We find evidence for high pass-through rates into imported input prices. This demonstrates …
Persistent link: https://www.econbiz.de/10011276124
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011244215
In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.
Persistent link: https://www.econbiz.de/10011245602