persistent real exchange rate
Real Exchange Rate Dynamics With Endogenous Distribution Costs
... In more recent work, Jin and Zeng (2005) develops a flexible price model with distribution costs to show that with reasonably large distribution costs their model can generate highly volatile and persistent ...
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Intuitive and Reliable Estimates of Output Gap and Real Exchange Rate Cycles for Turkey
... are persistent and exhibit a larger amplitude, but suffer from a large end point bias ...monthly real exchange rate (RER) series for Turkey, our results remain ...
17
A real differential view of equilibrium real exchange rate
... the real interest rate ...of real interest rates, we would like to emphasize that the notion of non-stationarity, and hence of a long-run that we employ throughout this paper, is sample ...the ...
36
Nonlinearities and real exchange rate dynamics
... of persistent international sectoral price differentials using nonlinear modeling; in particular, we estimate Threshold Autoregressive (TAR) models at the sectoral ...
11
Exchange Rate Policy in Morocco and Persistence of Real Exchange Rate Misalignments
... the real exchange rate of the Dirham, based on estimates in respect of the period from 1980 to 2012, a long term relationship between the real exchange rate and its fundamentals: ...
13
Impact of Real Effective Exchange Rate on Inflation in Pakistan
... a persistent increase in the level of consumer prices or a constant decline in the purchasing power of money, caused by an increase in available currency and credit beyond the quantity of available goods and ...
8
Demand for money, financial reforms and monetary policy in Fiji : an econometric analysis
... The variables considered for the model are real income, real interest rate, the real effective exchange rate and the expected rate of inflation, which are likely dete[r] ...
30
Real Exchange Rate Misalignment: An Application of Behavioral Equilibrium Exchange Rate (BEER) to Nigeria
... equilibrium exchange rate in ...Equilibrium Exchange Rate (BEER) and a Permanent Equilibrium Exchange Rate ...the real exchange rate could be explained by ...
35
Modelling Currency Crises in Nigeria: An Application of Logit Model
... Nigeria, exchange rate policies are implemented by the Central Bank of Nigeria (CBN) and consistently targeted at avoiding substantial misalignments as well as achieving a realistic Naira exchange ...
12
Growth under Exchange Rate Volatility: Does Access to Foreign or Domestic Equity Markets Matter?
... of exchange rate ...term exchange rate fluctuations, causing them to liquidate their investments prematurely with negative effects on firm ...to exchange rate ...
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Exchange Rate Volatility and the extent of Currency Substitution in Nigeria
... the exchange rate policy and complicate monetary policy in a world where capital controls do not exist or are easily circumvented (Mizzen and Pentecost, 1996; Chang, ...floating exchange rate, ...
27
Analyzıng And Valuıng Of The Export Multıplıcıty Of Azerbaıjan Republıc
... In this article, the export multiplicity of Azerbaijan Republic has been analyzed during 1995- 2009. Firstly, the relationship between GDP on CPI has been estimated and it found as a positive and meaningful. Secondly, ...
9
Monetary policy in oil exporting countries with fixed exchange rate and open capital account: expectations matter
... interest rate is generally assumed to follow an UIP condition when the exchange rate is fixed, and the capital account is ...interest rate is determined by foreign rates and the risk ...
19
Determinants of Exchange Rate Stability in Sudan (1991-2016)
... of exchange rate on inflation prices, investment, balance of payment, and interest rate, the issue of the determination of optimal exchange rate becomes imperative for the successful ...
7
Mankiw8e_Student_PPTs_Chapter 6.ppt
... foreign exchange market, trade transactions become more ...foreign exchange market is a global market in which banks are connected through high-tech ...
35
Exchange rate Volatility and International Trade Performance: Evidence from 12 African Countries
... and exchange-rate volatility is very timely and important for these ...increased exchange-rate ...of exchange-rate may instigate uncertainty among profit-maximizing traders and ...
18
A Note on the Investment Enhancing Effect of a Depreciated Real Exchange Rate
... depreciated real exchange rate can lead to a higher investment ...depreciated real exchange rate can make the tradable sector more profitable and thus a greater requirement for ...
6
Purchasing power parity and the real exchange rate
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40
The debt adjusted real exchange rate for China
... DARER has been applied empirically chiefly to newly industrialized nations and some new member states of the EU. Fabella (1996) has been made the estimates of DARER for the Philippines and Thailand during the period ...
16
Real exchange rate trends in transitional countries
... the rate of ...the real exchange rate in the change in a fundamental determinant at a constant state of ...the real exchange ...
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