Exchange rate pass-through, exchange rate volatility, and exchange rate disconnect
In: Journal of Monetary Economics, Band 49, Heft 5, S. 913-940
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In: Journal of Monetary Economics, Band 49, Heft 5, S. 913-940
In: Hong Kong Institute for Monetary and Financial Research (HKIMR) Research Paper WP No. 21/2012
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In: Oxford review of economic policy, Band 5, S. 1-113
ISSN: 0266-903X
International audience The paper investigates if the most popular alternative to the purchasing parity power approach (PPP) to estimate equilibrium exchange rates, the fundamental equilibrium exchange rate (FEER) influences exchange rate dynamics in the long run. For a large panel of industrialized and emerging countries and on the period 1982-2007, we detect the presence of unit roots in the series of real effective exchange rates and in the series of FEERs. We find and estimate a cointegration relationship between real effective exchange rates and FEERs. The results show that the FEER has a positive and significant influence on exchange rate dynamics in the long run.
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In: Darden Case No. UVA-BP-0457
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In: Economics of transition, Band 4, Heft 1, S. 211-228
ISSN: 1468-0351
AbstractFive real exchange rate indicators are computed to assess the international competitiveness of Hungarian industry. These indicators are explained in econometric equations by employment, unemployment, productivity, interest spread and real producer wage. Causality tests reveal that external performance has an impact on real exchange rates, and contributes to explaining real exchange rates. There is very limited scope for policy intervention to constrain the negative effects of capital inflows without incurring other costs.
In: Country profile: annual survey of political and economic background. Taiwan, S. 60
ISSN: 0269-7025
In: Country profile: annual survey of political and economic background. Taiwan, S. 54
ISSN: 0269-7025
In: Country profile: annual survey of political and economic background. Taiwan, S. 49
ISSN: 0269-7025
In: Journal of Monetary Economics, Band 19, Heft 1, S. 137-142
In: Journal of Monetary Economics, Band 49, Heft 5, S. 941-946
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In: Peterson Institute for International Economics Working Paper No. 08-3
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