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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

Responsiveness of Trade Flows to Changes in Exchange Rate and Relative Prices : Evidence from Nigeria

Oyinlola, Mutiu Abimbola - 2011

This paper examines the long-run and short-run impacts of exchange rate and price changes on trade flows in Nigeria using exports and imports functions. The bounds testing (ARDL) approach to cointegration is applied on a quarterly data from 1980Q1 to 2007Q4. The results indicate that in both the...

Persistent link: https://www.econbiz.de/10013131106

Real Exchange Rates and the Relative Prices of Non-Traded and Traded Goods : An Empirical Analysis

Groen, Jan J.; Lombardelli, Clare - 2005

This paper provides an empirical analysis of the decomposition of UK real exchange rates into the relative price of traded goods and the ratio of the relative price of non-traded to traded goods, and tests the prediction that deviations from the law of one price in tradable goods dominate real...

Persistent link: https://www.econbiz.de/10014067787

Structural breaks and relative price convergence among US cities

Hegwood, Natalie D.; Nath, Hiranya K. - In: Journal of macroeconomics 36 (2013), pp. 150-160

Persistent link: https://www.econbiz.de/10009751110

Non-fundamental exchange rate volatility and welfare

Straub, Roland; Tchakarov, Ivan - 2004

We lay out an empirical and a theoretical model to analyze the effects of non-fundamental exchange rate volatility on … of the conditional exogenous exchange rate volatility on the conditional mean of the endogenous variables in our open … economy VAR. Our results for Canada, Germany and UK indicate that the effects of exchange rate uncertainty are small …

Persistent link: https://www.econbiz.de/10009636551

Exchange rate variability inside and outside the EMU

Bergbom, Lennart - 1998

Persistent link: https://www.econbiz.de/10000998263

Surfing the Waves of Globalization : Asia and Financial Globalization in the Context of the Trilemma

Aizenman, Joshua; Chinn, Menzie David; Itō, Hiro - 2010

the three policy choices matter for output volatility and the medium-term level of inflation. Greater monetary … independence is associated with lower output volatility while greater exchange rate stability implies greater output volatility … external finances affect output volatility through the investment or trade channel depending on the openness of the economies …

Persistent link: https://www.econbiz.de/10014045505

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

Volatile and Persistent Exchange Rates : How Important are Distribution Costs?

Jin, Yi; Zeng, Zhixiong - 2007

This paper studies the role played by distribution costs in shaping exchange rate behavior over the business cycle. We assume, realistically, that transactions on tradable goods require a component of nontradable distribution services. This naturally drives a wedge between retail prices in...

Persistent link: https://www.econbiz.de/10014222830

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