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The effect of real exchange rate volatility on income distribution in South Africa

Aye, Goodness C.; Harris, Laurence - 2019

This study investigates the effect of real exchange rate volatility on the distribution of income between labour and … exchange rate volatility is negative. Moreover, high exchange rate volatility impacts negatively on labour's income share …, while low exchange rate volatility impacts positively on labour income. As the magnitude of the effect of high exchange rate …

Persistent link: https://www.econbiz.de/10012146518

The impacts of public expenditure innovations on real exchange rate volatility in South Africa

Nuru, Naser Yenus; Gereziher, Hayelom Yrgaw - 2021

This study investigates the impacts of public expenditure innovations on exchange rate volatility in South Africa using … that public expenditure innovation has a significant depreciating trend impact on exchange rate volatility, and its impact … volatility does not rely on the direction of the innovation, it varies according to the state of the economy. Public expenditure …

Persistent link: https://www.econbiz.de/10012509885

The behaviour of the real effective exchange rate of South Africa : is there a misalignment?

Khomo, Melvin M.; Aziakpono, Meshach Jesse - In: Cogent economics & finance 8 (2020) 1, pp. 1-16

This paper examines the extent of misalignment of the real effective exchange rate (REER) of South African rand. With South Africa being an open emerging market economy closely linked with global markets, the country’s economy is susceptible to external shocks and changes in global trade...

Persistent link: https://www.econbiz.de/10012440315

Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999 - 2000

Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001

Persistent link: https://www.econbiz.de/10001584428

Exchange Rate Dynamics, Asset Market Structure and the Role of the Trade Elasticity

Thoenissen, Christoph - 2008

markets can address the exchange rate volatility puzzle, the exchange rate persistence puzzle, the consumption real exchange …

Persistent link: https://www.econbiz.de/10014219402

Exchange Rate Volatility without the Contrivance of Fundamentals and the Failure of PPP

Bask, Mikael - 2007

Since the magnitude of exchange rate overshooting may not be the same for different exchange rates of a currency, a monetary expansion or contraction in, for example, the EMU, will affect the exchange rate between the U.S. dollar and the yen, even though there are no changes in monetary...

Persistent link: https://www.econbiz.de/10014223797

Supply Shocks and Real Exchange Rate Volatility in a Small Open Economy

Azcona, Nestor - 2016

This paper examines the effect of overall and sector-specific productivity shocks on the real exchange rate in small open economies. A dynamic stochastic small open economy model shows that productivity shocks impact the real exchange rate mostly through changes in the relative price of...

Persistent link: https://www.econbiz.de/10013005242

Sources of Exchange Rate Fluctuations : Are They Real or Nominal?

Juvenal, Luciana - 2010

I analyze the role of real and monetary shocks on the exchange rate behavior using a structural vector autoregressive model of the US vis-à-vis the rest of the world. The shocks are identified using sign restrictions on the responses of the variables to orthogonal disturbances. These...

Persistent link: https://www.econbiz.de/10013151170

Sources of euro real exchange rate fluctuations : what is behind the euro weakness in 1999-2000?

Döpke, Jörg; Gottschalk, Jan; Kamps, Christophe - 2001

This paper analyzes the factors underlying the weakness of the euro. For this purpose, the framework advocated by Clarida and Gali (1994) is used. Within this model, three structural shocks drive the dynamics of the endogenous variables: aggregate supply shocks, aggregate spending shocks, and...

Persistent link: https://www.econbiz.de/10011473872

A Gravity View of Exchange Rate Disconnect

Fitzgerald, Doireann - 2004

rate puzzles. One such puzzle is the fact that nominal exchange rates are enormously volatile, but that this volatility … parity prediction. The gravity prediction matches the volatility of actual inflation, and tracks its path closely. The … of bilateral trade is negatively correlated with bilateral exchange rate volatility …

Persistent link: https://www.econbiz.de/10014069461