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Real Exchange Rate Movements and the Relative Price of Non-Traded Goods
Betts, Caroline - 2017
We show that the quarterly bilateral real exchange rate for 1275 country pairs over 1980–2015 is positively correlated with the relative price of non-traded to traded goods, but that movements in the relative price measure are smaller than those in the real exchange rate. Variance...
Persistent link: https://www.econbiz.de/10012945763
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Measuring Competitiveness : Trade in Goods or Tasks?
Bayoumi, Tamim - 2013
With global supply chains, any value added or production task can be traded as part of goods. This means that competitiveness can be measured either in terms of “tasks” (Bems and Johnson, 2012), or goods, but with goods prices reflecting the cost of tasks embedded in those goods. We show...
Persistent link: https://www.econbiz.de/10013080838
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The ECB's enhanced effective exchange rates and harmonised competitiveness indicators : an updated weighting scheme including trade in services
Schmitz, Martin; Dietrich, Andreas; Brisson, Rémy - 2024
The nominal effective exchange rate (EER) of a currency is an index of the tradeweighted average of its bilateral exchange rates vis-à-vis the currencies of selected trading partners, while the real EER is derived by adjusting the nominal index for relative prices or costs. The nominal EER...
Persistent link: https://www.econbiz.de/10014558999
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Real Exchange Volatility and Economic Openness
Pae, Yuntaek - 2016
We suggest a pseudo economic openness that has a linear relationship with the real exchange rate volatility. The pseudo … economic openness implies that the real exchange rate volatility is a concave function of pure economic openness. Therefore …, the pseudo economic openness should be used to analyze the real exchange rate volatility instead of pure economic openness …
Persistent link: https://www.econbiz.de/10013008633
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Purchasing Power Parity Based on Capital Account, Exchange Rate Volatility and Cointegration : Evidence from Some Developing Countries
Ahmed, Mudabber - 2008
) hypothesis. PPP has been used as a theory of domestic price determination under fixed exchange rate regime and a theory of … theory fit to the developing countries. The purpose is accomplished through conducting a battery of tests - non … capital account is also carried out. In general our findings do not support the PPP theory. PPP is not supported even if we …
Persistent link: https://www.econbiz.de/10014215553
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Do real exchange rate appreciations matter for growth?
Bussière, Matthieu; Lopez, Claude; Tille, Cédric - 2014
While the impact of exchange rate changes on economic growth has long been an issue of key importance in international macroeconomics, it has received renewed attention in recent years, owing to weaker growth rates and the debate on "currency wars". However, in spite of its prevalence in the...
Persistent link: https://www.econbiz.de/10010348280
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Do real exchange rate appreciations matter for growth?
Bussière, Matthieu; Lopez, Claude; Tille, Cédric - 2014
While the impact of exchange rate changes on economic growth has long been an issue of key importance in international macroeconomics, it has received renewed attention in recent years, owing to weaker growth rates and the debate on "currency wars". However, in spite of its prevalence in the...
Persistent link: https://www.econbiz.de/10010338713
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The pass-through effect: a twofold analysis
Forte, Antonio - 2009
In this paper I analyse the pass-through effect in four big areas using different approaches. On the one hand, I inspect this issue comparing the REER (real effective exchange rate) with the WARP (weighted average relative price) in the US, the UK, Japan and the Euro area. On the other hand, I...
Persistent link: https://www.econbiz.de/10011523678
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The Puzzling Peso
Arteta, Carlos Oscar - 2009
In the past decade, some observers have noted an unusual aspect of the Mexican peso's behavior: During periods when the U.S. dollar has risen (fallen) against other major currencies such as the euro, the peso has risen (fallen) against the dollar. Very few other currencies display this behavior....
Persistent link: https://www.econbiz.de/10013156075
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Exchange Rates and Local Labor Markets
Goldberg, Linda S.; Tracy, Joseph S. - 2000
We document the consequences of real exchange rate movements for the employment, hours, and hourly earnings of workers in manufacturing industries across individual states. Exchange rates have statistically significant wage and employment implications in these local labor markets. The importance...
Persistent link: https://www.econbiz.de/10014193865