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Short-term inflation projections model and its assessment in Latvia

Bessonovs, Andrejs; Krasnopjorovs, Olegs - In: Baltic Journal of Economics 21 (2021) 2, pp. 184-204

This paper builds a short-term inflation projections (STIP) model for Latvia. The model is designed to forecast highly disaggregated consumer prices using cointegrated ARDL approach of [Pesaran, M., & Shin, Y. (1998). An Autoregressive Distributed Lag Modelling Approach to Cointegration...

Persistent link: https://www.econbiz.de/10013470760

The Time Series Properties of the Real Exchange Rates Between the Member States of the European Monetary Union

Maurer, Rainer - In: Credit and Capital Markets – Kredit und Kapital 52 (2019) 2, pp. 149-171

The article "The Time Series Properties of the Real Exchange Rates Between the Member States of the European Monetary Union" analyses the time series behavior of the components of the real exchange rates between the founding member states of the EMU before and after the start of the EMU. Various...

Persistent link: https://www.econbiz.de/10014523488

Causality between stock prices and exchange rates in Turkey : empirical evidence from the ARDL bounds test and a combined cointegration approach

Türsoy, Turgut - In: International Journal of Financial Studies : open … 5 (2017) 1, pp. 1-10

This paper investigates the interaction between stock prices and real exchange rates by applying monthly data from Turkey for the period between January 2001 and September 2016. This study uses the autoregressive distributed lag (ARDL) model and the Error Correction Model (ECM) in order to...

Persistent link: https://www.econbiz.de/10011649295

Determinants of real exchange rate movements in 15 emerging market economies

Goda, Thomas; Priewe, Jan - 2019

Previous work has established that an appreciation of the real exchange rate (REER) contributes to premature deindustrialization, less productive investment and dependence on commodity booms and busts in emerging markets economies (EME). From the previous literature, it is less clear however...

Persistent link: https://www.econbiz.de/10012107936

The worst of both worlds : fiscal policy and fixed exchange rates

Born, Benjamin; D'Ascanio, Francesco; Müller, Gernot J.; … - 2019

Under fixed exchange rates, fiscal policy is an effective tool. According to classical views because it impacts the real exchange rate, according to Keynesian views because it impacts output. Both views have merit because the effects of government spending are asymmetric. A spending cut lowers...

Persistent link: https://www.econbiz.de/10012118599

Cointegration analysis in an inflationary environment : what can we learn from Ukraine's nominal exports?

Strauß, Hubert - 2001

Ukrainian exports can be explained by standard demand theory in the long run. Using the Johansen procedure the data do not reject the hypothesis of a unit foreign-production elasticity of Ukrainian exports, which are rather price-elastic inputs for foreign producers. It is argued that due to...

Persistent link: https://www.econbiz.de/10011476237

Modelling Ireland’s exchange rates: from EMS to EMU

Bond, Derek; Harrison, Michael J.; O'Brien, Edward J. - 2007

to 2003. It offers an overview of the theory of purchasing power parity (PPP), focusing particularly on likely sources of … exchange rates are effectively modelled, and in the case of Ireland and Germany, PPP is found to be valid not only in the long …

Persistent link: https://www.econbiz.de/10011604869

Modelling Ireland's exchange rates: From EMS to EMU

Bond, Derek; Harrison, Michael J.; O'Brien, Edward J. - 2007

to 2003. It offers an overview of the theory of purchasing power parity (Ppp), focusing particularly on likely sources of … exchange rates are effectively modelled, and in the case of Ireland and Germany, Ppp is found to be valid not only in the long …

Persistent link: https://www.econbiz.de/10010272367

Modelling Ireland’s Exchange Rates - From EMS to EMU

Bond, Derek; Harrison, Michael J; Edward J O’Brien - School of Economics, University College Dublin - 2007

Persistent link: https://www.econbiz.de/10005652924

Purchasing power parity: an empirical study of three EMU countries

Duarte, António Portugal - EconWPA - 2005

We apply Purchasing Power Parity (PPP) theory to the analysis of long- run equilibrium in the foreign exchange market …-integration. We worked with linear long-run relationships based exclusively on PPP, as well as with long-run relations that also … allowed for the effect of interest rates. In a situation in which PPP does not hold, one could think that on account of some …

Persistent link: https://www.econbiz.de/10005124909