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Exchange rate pass-through and monetary policy : how strong is the link?

Murchison, Stephen - 2009

consumer price index has declined in Canada since the early 1980s and is currently close to zero. Taylor (2000) suggests that … due to a change in the parameters of the central bank's policy rule. Evidence is presented for Canada indicating that … suggest that increases in the aggressiveness of policy consistent with that observed for Canada are sufficient to effectively …

Persistent link: https://www.econbiz.de/10003933342

A re-examination of the link between real exchange rates and real interest rate differentials

Hoffmann, Mathias; MacDonald, Ronald - 2003

The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegrationbased methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...

Persistent link: https://www.econbiz.de/10011506475

Multivariate cointegration analysis of aggregate exports : empirical evidence for the United States, Canada, and Germany

Strauß, Hubert - 2002

A shortcoming of most empirical studies on aggregate exports is their exclusive focus on the demand side. Moreover, the effect of globalization is often neglected leading to implausibly high income elasticities. This paper models export demand and supply simultaneously and incorporates a new...

Persistent link: https://www.econbiz.de/10011474729

Do Immigrants’ Funds Affect the Exchange Rate?

Aziz, Nusrate - 2017

Using annual data over 1966-2014 from the Citizenship and Immigration statistics archives of Canada, we investigate how … the funds brought into Canada by immigrants, affects the real effective exchange rate (REER) of Canada. We employ the ARDL … significant appreciation of the exchange rate in Canada. These results are robust to different estimation methods and an …

Persistent link: https://www.econbiz.de/10012944824

The Impact of Monetary Policy on the Exchange Rate : Evidence from Three Small Open Economies

Zettelmeyer, Jeromin - 2021

interest rates to policy announcements - on the exchange rate in Australia, Canada, and New Zealand during the 1990s. The main …

Persistent link: https://www.econbiz.de/10013317851

A Re-Examination of the Link between Real Exchange Rates and Real Interest Rate Differentials

Hoffmann, Mathias; MacDonald, Ronald - 2021

The real exchange rate - real interest rate (RERI) relationship is central to most open economy macroeconomic models. However, empirical support for the relationship, especially when cointegration-based methods are used, is rather weak. In this paper we reinvestigate the RERI relationship using...

Persistent link: https://www.econbiz.de/10013320033

Commodity currencies and monetary policy

Devereux, Michael B.; Smith, Gregor W. - 2018

mechanism and test the over-identifying restrictions for Australia, Canada, and New Zealand. For all three countries …

Persistent link: https://www.econbiz.de/10011896639

Commodity Currencies and Equity Flows

Chaban, Maxym - 2009

rates of the developed countries where primary commodities are an important share of exports: Australia, Canada and New …

Persistent link: https://www.econbiz.de/10014218178

Paper Pushers or Paper Money? Empirical Assessment of Fiscal and Monetary Models of Exchange Rate Determination

Chinn, Menzie David - 1998

This paper documents the evidence in support of fiscal and monetary exchange rates for the Canadian dollar, Deutschemark, Yen, and Pound over the 1974-1993 period. Cointegrating relationships between the real exchange rate and (i) fiscal impulses and (ii) productivity and government spending are...

Persistent link: https://www.econbiz.de/10014116846

How wide are European borders? : on the integration effects of monetary unions

Weber, Axel A.; Beck, Günter W. - 2003 - This version: April 2003

same country. Under the EMU, the elimination of nominal exchange rate volatility has largely reduced these border effects …, but distance and border still matter for intra-European relative price volatility. …

Persistent link: https://www.econbiz.de/10009767676