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Anatomy of regional price differentials : evidence from micro price data
Weinand, Sebastian; Auer, Ludwig von - 2019
Over the last three decades the supply of economic statistics has vastly improved. Unfortunately, statistics on regional price levels (sub-national purchasing power parities) have been exempt from this positive trend, even though they are indispensable for meaningful spatial comparisons of...
Persistent link: https://www.econbiz.de/10011999778
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Anatomy of regional price differentials : evidence from micro price data
Weinand, Sebastian; Auer, Ludwig von - 2019
Our paper uses micro price data collected from Germany’s Consumer Price Index to compile a highly disaggregated regional price index for the 402 counties and cities of Germany. We introduce a multi-stage version of the weighted Country-Product- Dummy method. The unique quality of our price...
Persistent link: https://www.econbiz.de/10011962696
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Anatomy of regional price differentials : evidence from micro price data
Weinand, Sebastian; Auer, Ludwig von - 2019
Over the last three decades the supply of economic statistics has vastly improved. Unfortunately, statistics on regional price levels (sub-national purchasing power parities) have been exempt from this positive trend, even though they are indispensable for meaningful spatial comparisons of...
Persistent link: https://www.econbiz.de/10011965163
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Exchange rate parities and taylor rule deviations
Anderl, Christina; Caporale, Guglielmo Maria - 2021
This paper investigates the PPP and UIP conditions by taking into account possible nonlinearities as well as the role … follows. First, the nonlinear specification provides much stronger evidence for the PPP and UIP conditions, the estimated … exchange rate from the PPP- and UIP-implied equilibrium. …
Persistent link: https://www.econbiz.de/10012491545
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Exchange rate pass-through in Russia
Ponomarev, Jurij; 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/10011398366
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The Complex Relationship between Devaluing the Dollar and Inflation
Angelov, Ivaylo - 2023
This paper explores the relationship between devaluing the dollar and inflation, examining both the theoretical frameworks and historical examples that shed light on this complex issue. While some argue that devaluation can decrease inflation by reducing demand or increasing the supply of goods...
Persistent link: https://www.econbiz.de/10014358356
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A Simultaneous Model of the Swedish Krona, the US Dollar and the Euro
Sellin, Peter; Lindblad, Hans - 2007
In this paper we simultaneously estimate the real exchange rates between the Swedish Krona, the US Dollar and the Euro. A prime candidate for explaining the exchange rate movements is relative potential output. Since this variable is unobservable, cyclical and potential output are estimated in...
Persistent link: https://www.econbiz.de/10014051358
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Why has the Norwegian krone exchange rate been persistently weak? : a fully simultaneous VAR approach
Benedictow, Andreas; Hammersland, Roger - 2022
We identify variables that help explain the persistent weakness of the Norwegian krone since 2016 within a fully simultaneous model of the underlying process driving the krone-euro exchange rate. In addition to a set of fundamental variables we consider non-traditional explanatory variables...
Persistent link: https://www.econbiz.de/10013257136
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Devaluation with exchange rate floor in a small open economy
Svacina, David - 2018
In recent years, central banks in the Czech Republic and Switzerland used exchange rate floor commitment to use unlimited FX interventions to keep the exchange rate above the declared floor rate to persistently devalue their currency and stimulate inflation. Central banks in other small open...
Persistent link: https://www.econbiz.de/10011809387
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Asymmetric Price Rigidity and the Optimal Interest Rate Defense of the Exchange Rate : Some Evidence for the US
Dobrynskaya, Victoria - 2011
This paper analyses the optimal monetary policy under incomplete exchange rate pass-through and asymmetric price rigidity. In a general equilibrium sticky price model of an open economy we find that the optimal interest rate rule is to respond to all types of shocks in an economy: real exchange...
Persistent link: https://www.econbiz.de/10014216924