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Choques macroeconómicos y tipo de cambio real: Alguna evidencia para Argentina
Lanteri, Luis N. - In: Atlantic Review of Economics 2 (2014), pp. 1-24
Dornbusch’s exchange rate overshooting hypothesis (1976) is a central building block in international macroeconomics. This paper analyzes the effects of monetary and other macroeconomic shocks on the real exchange rate in the case of a small economy like Argentina. The paper uses SVAR models...
Persistent link: https://www.econbiz.de/10011536983
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Choques macroeconómicos y tipo de cambio real : alguna evidencia para Argentina
Lanteri, Luis N. - In: Atlantic review of economics : AROE 2 (2014)
Dornbusch’s exchange rate overshooting hypothesis (1976) is a central building block in international macroeconomics. This paper analyzes the effects of monetary and other macroeconomic shocks on the real exchange rate in the case of a small economy like Argentina. The paper uses SVAR models...
Persistent link: https://www.econbiz.de/10011308137
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Monetary Policy and Commodity Prices: an endogenous analysis using an SVAR approach
Flórez, Luz Adriana - BANCO DE LA REPÚBLICA - 2010
This work analyzes the relationship between real interest rates and commodity prices. According to Frankel´s hypothesis (1986-2006): low real interest rates lead to high real commodity prices". However, some empirical evidence suggests that commodity prices can predict monetary policy. In this...
Persistent link: https://www.econbiz.de/10008542672
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Monetary Policy and Commodity Prices: an endogenous analysis using an SVAR approach
Flórez, Luz Adriana - Banco de la Republica de Colombia
This work analyzes the relationship between real interest rates and commodity prices. According to Frankel’s hypothesis (1986-2006): "low real interest rates lead to high real commodity prices". However, some empirical evidence suggests that commodity prices can predict monetary policy. In...
Persistent link: https://www.econbiz.de/10008542684
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Price and output effects of long-term exchange rate changes : Central and Eastern European countries in 2002-2019
Shevchuk, Viktor - In: Entrepreneurial business and economics review : EBER 10 (2022) 3, pp. 37-50
Objective: The objective of the article is to measure the magnitude of the long-term exchange rate price and output … the Heritage Foundation database. Research Design & Methods: To analyse long-term price and output effects, the … output, with the former becoming stronger over the low-inflationary 2010-2019 period. Among other results, there was a trade …
Persistent link: https://www.econbiz.de/10014231475
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Does money still matter for U.S. output?
Berger, Helge; Österholm, Pär - 2008
whether money growth Granger-causes output growth in the United States. We find surprisingly strong evidence for a money-output …
Persistent link: https://www.econbiz.de/10010299137
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Short and long run causality measures: theory and inference
Dufour, Jean-Marie; Taamouti, Abderrahim - Departamento de Economía, Universidad Carlos III de Madrid - 2008
The concept of causality introduced by Wiener (1956) and Granger (1969) is defined in terms of predictability one period ahead. This concept can be generalized by considering causality at a given horizon h, and causality up to any given horizon h [Dufour and Renault (1998)]. This generalization...
Persistent link: https://www.econbiz.de/10005111024
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Does money still matter for U.S. output?
Berger, Helge; Österholm, Pär - Fachbereich Wirtschaftswissenschaft, Freie Universität … - 2008
whether money growth Granger-causes output growth in the United States. We find surprisingly strong evidence for a money-output …
Persistent link: https://www.econbiz.de/10008533639
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IS U.S. MONEY CAUSING CHINA'S OUTPUT?
Johansson, Anders C. - Stockholm China Economic Research Institute, … - 2009
This paper tries to answer the long-standing question of whether money causes output. Instead of focusing on domestic … monetary policy and output, we analyze U.S. monetary policy and its possible effects on real output in China. Our results … indicate that the main monetary instrument in the U.S., the Federal Fund Rate, Granger causes China’s output. A second monetary …
Persistent link: https://www.econbiz.de/10004999560
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Short Run and Long Run Causality in Time Series: Inference
Dufour, Jean-Marie; Pelletier, Denis; Renault, Éric - Centre Interuniversitaire de Recherche en Analyse des … - 2003
We propose methods for testing hypothesis of non-causality at various horizons, as defined in Dufour and Renault (1998, Econometrica). We study in detail the case of VAR models and we propose linear methods based on running vector autoregressions at different horizons. While the hypotheses...
Persistent link: https://www.econbiz.de/10005100843