Similar Search Results

Do exchange rates absorb demand shocks at the ZLB?

Hoffmann, Mathias; Hürtgen, Patrick - 2021

macroeconomic effects. This finding requires inflation expectations to adjust counterfactually large. When modeling inflation …

Persistent link: https://www.econbiz.de/10012510174

Forecasting Inflation Using Commodity Price Aggregates

Chen, Yu-Chin - 2011

This paper shows that for five small commodity-exporting countries that have adopted inflation targeting monetary … policies, world commodity price aggregates have predictive power for their CPI and PPI inflation, particularly once possible …

Persistent link: https://www.econbiz.de/10013120014

Forecasting Inflation Under Uncertainty : The Forgotten Dog & the Frisbee

Nasir, Muhammad Ali - 2018

rate pass-through and its significant implications for the inflation in the United Kingdom. There is also ample evidence to … index from Jan 1989 to June 2016. We compared the Post-Brexit inflation forecast by the Bank of England with an ARIMA model …, similar in magnitude to the ones associated with Brexit. It showed that the actual path of inflation substantially diverged …

Persistent link: https://www.econbiz.de/10012933991

Nominal convergence

Iancu, Aurel - 2009

equilibrium versus the inflation rate diminution and the Balassa-Samuelson effect, the exchange rates and the exchange rate …

Persistent link: https://www.econbiz.de/10010529098

Nonlinearities and Asymmetric Adjustment to PPP in an Exchange Rate Model with Inflation Expectations

Anderl, Christina; Caporale, Guglielmo Maria - 2021

measures of inflation expectations for five inflation targeting countries (UK, Canada, Australia, New Zealand, Sweden) over the … PPP. Moreover, inflation expectations play an important role, with survey-based ones having a more sizable effect than … fluctuations effectively. The inflation targeting framework might be especially appropriate for this purpose …

Persistent link: https://www.econbiz.de/10013243236

Inflationary expectations, variable output, and exchange-rate dynamics

Levin, Jay H. - In: Review of international economics 4 (1996) 1, pp. 40-53

Persistent link: https://www.econbiz.de/10001195048

External shocks and inflation under a real exchange rate rule

Montiel, Peter - In: The exchange rate and the economy : [proceedings of a …, (pp. 71-122). 1993

Persistent link: https://www.econbiz.de/10001295382

China, Hong Kong, and Taiwan : a quantitative assessment of real and financial integration

Cheung, Yin-Wong; Chinn, Menzie David; Fujii, Eiji - 2003

The status of real and financial integration of China, Hong Kong, and Taiwan is investigated using monthly data on one-month interbank rates, exchange rates, and prices. Specifically, the degree of integration is assessed based on the empirical validity of real interest parity, uncovered...

Persistent link: https://www.econbiz.de/10011514149

Exchange rate forecasting on a napkin

Ca'Zorzi, Michele; Rubaszek, Michał - 2018

This paper shows that there are two regularities in foreign exchange markets in advanced countries with flexible regimes. First, real exchange rates are mean-reverting, as implied by the Purchasing Power Parity model. Second, the adjustment takes place via nominal exchange rates. These features...

Persistent link: https://www.econbiz.de/10011856403

Exchange rate regimes in India : central bank interventions and purchasing power parity in the context of ASEAN currencies

Siddharth, Angad; Alexiou, Constantinos; Vogiazas, Sofoklis - In: Economies : open access journal 12 (2024) 4, pp. 1-21

In this study spanning four decades, we explored the relationship between the Reserve Bank of India's (RBI) interventions and the validity of Purchasing Power Parity (PPP) across two distinct exchange rate regimes: the fixed exchange rate regime (1975-1993) and the managed floating regime...

Persistent link: https://www.econbiz.de/10014635893