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Exchange-rate overshooting: An analysis for intermediate macro

Natividad-Carlos, Fidelina B. - 2014

While exchange rate dynamics is an important topic in open economy macroeconomics, the standard tool commonly used to introduce exchange rate dynamics - the Dornbusch (1976) seminal paper along with phase diagram - is not well-suited for undergraduate students as most of them do not have yet a...

Persistent link: https://www.econbiz.de/10011335578

Does the nominal exchange rate regime affect the real interest parity condition?

Dreger, Christian - 2010

The real interest parity (RIP) condition combines two cornerstones in international finance, uncovered interest parity (UIP) and ex ante purchasing power parity (PPP). The extent of deviation from RIP is therefore an indicator of the lack of product and financial market integration. This paper...

Persistent link: https://www.econbiz.de/10011345467

Analyse der Terms-of-Trade Österreichs

Schiman, Stefan; Reinstaller, Andreas - 2015

Die Terms-of-Trade (ToT) bezeichnen das Tauschverhältnis von Warenimporten zu Warnexporten, also die Relation von Export- zu Importpreisen. Das Einwirken gegenläufiger Kräfte führte in Österreich dazu, dass sich die ToT im langfristigen Vergleich relativ stabil entwickelten. Die vorliegende...

Persistent link: https://www.econbiz.de/10011345650

A influência da taxa de câmbio sobre os fluxos de comércio exterior

Carneiro, Flavio Lyrio - 2014

This study aims to examine the theoretical literature concerning exchange-rate and balance-of-payments determination, in order to investigate how an exchange rate change may affect one country's foreign trade flows. Therefore, we analyze the different categories of balance-of-payments models -...

Persistent link: https://www.econbiz.de/10011372161

Exportação de bens primários e apreciação do câmbio real: Há uma ligação?

Marconi, Nelson; Rocha, Marcos - 2014

The real exchange rate (RER) can be considered one of the most important relative price of economics, given the influence it exerts on many other prices and variables, and may be overvalued, among other factors, as a symptom of the existence of a Dutch disease process. Thus, seeking to prove...

Persistent link: https://www.econbiz.de/10011372184

Verstärkt die „Große Rezession“ das Auseinanderdriften der Wettbewerbsfähigkeit in der EU?

Breuss, Fritz - 2009

At its 10th anniversary the EMU had to stand the baptism of fire caused by the "Great Recession" 2009. By and large it mastered this test. The introduction of the Euro, however, has brought to light the latent weaknesses in competitiveness of some member states of the Euro area, consisting up to...

Persistent link: https://www.econbiz.de/10011379786

Exchange Rate Pass-through in Russia

Ponomarev, Yuri; Trunin, Pavel V.; Uljukaev, Aleksej V. - 2014

The article provides estimates of short-run and medium-run exchange rate pass-through into domestic prices in Russia during the period of 2000–2012 using vector error correction model. Exchange rate pass-through asymmetry estimates, its assessments on different sub-periods and exchange rate...

Persistent link: https://www.econbiz.de/10011379941

Current account determinants in Central Eastern European Countries

Bollano, Jonida; Ibrahimaj, Delina - 2015

This paper empirically investigates the determinants of current accounts for a sample of 11 Central and East European Countries outside the Euro area. To this end we rely on the estimation of a panel VAR model with fixed effects over the period Q1 2005 to Q42014. Consistent with existing...

Persistent link: https://www.econbiz.de/10011381213

The Balassa-Samuelson Effect Reversed: New Evidence from OECD Countries

Gubler, Matthias; Sax, Christoph - 2011

1970 to 2008 and compare three different datasets on sectoral productivity, including a newly constructed database on total … factor productivity. Overall, our DOLS estimation results do not support the BS hypothesis. For the last two decades, we find … a very robust negative relationship between the productivity in the tradable sector and the equilibrium real exchange …

Persistent link: https://www.econbiz.de/10011390664

Skill-Biased Technological Change and the Real Exchange Rate

Gubler, Matthias; Sax, Christoph - 2012

, leading to a negative relationship between the productivity in the tradable sector and the real exchange rate. In a small open …. Non-tradable services are produced with low-skilled labor only. A rise in the productivity of capital has two effects: (1 …

Persistent link: https://www.econbiz.de/10011390674