real and nominal exchange rates
The source of real and nominal exchange rate fluctuations in Thailand: Real shock or nominal shock
... of exchange rate fluctuations in ...of real and nominal exchange rates for Thailan d and ...of exchange rate fluctuations in ...on exchange rates in Thailand. The ...
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Stock Prices and Real Exchange Rate Movements in the Gulf Cooperation Council
... the real and nominal exchange rates in the GCC economies (including only Kuwait [KW] and Saudi Arabia ...the real and the nominal exchange rates of US dollar in ...
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Three essays on the predictive content and predictability of the nominal exchange rates in a changing world
... the real output growth rate, and a ceaseless upward trend in the unemployment rate of around 8% by June ...interest rates close to the zero lower ...
143
Revisiting exchange rate puzzles
... growth rates should be perfectly positively correlated with the growth rate of the real exchange ...floating nominal exchange rates, the correlation is actually low and negative, ...
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The price, real and financial effects of exchange rates
... floating exchange rates, developed in the 1970s by Harry Johnson and Jacob Frankel, among others, emphasised the role of broadly defined money supplies at home and abroad as key determinants of ...
162
Information and exchange rate dynamics
... degree of persistence of real interest rate differentials is considered In a model with sluggish real interest rates, either because nominal rates are exogenously determined or because e[r] ...
193
Real & Nominal Foreign Exchange Volatility Effects on Exports – The Importance of Timing
... (foreign exchange) volatility that is directly ...to exchange rates that are available contemporaneously, exchange rate volatility is modelled ex-post leading to a major research agenda in ...
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Lessons from the stabilisation programmes of Central and Eastern European countries 1989-91. Economic Papers No. 92, May 1992
... It included broad price and trade liberalisation, nominal anchoring of the programme to money wages and the nominal exchange rate, targeting the real money supply and real interest rates[r] ...
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The macroeconomics of aid: overview
... the exchange rate, Juselius, Reshid, and Tarp take as their starting point the study by Juselius et ...growth rates in Ghana and Tanzania? Do these effects differ, and if so why? (ii) Does the inclusion of ...
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Exchange rates, capital, output and debt when nominal interest rates are policy parameters
... This relates the log of nominal money demand t o the level of the nominal rate o f interest, r, and to the logs of current real income q and a domestic expenditure price index p, which i[r] ...
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Impact of Real Effective Exchange Rate on Inflation in Pakistan
... 989 nominal GDP. The growth rates of all the variables were also ...and real effective exchange rate in Pakistan was determined by the ordinary least square (OLS) ...and real effective ...
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Nominal and real wage flexibility in EMU
... the real effective exchange rate (REER) with different deflators (panel a) and on various relative prices and costs (panel ...the real effective exchange ...the nominal effective ...
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The Eurozone’s Equilibrium Real Exchange Rates
... This variable was originally specified by Clark and MacDonald (and subsequently used by others) as a meas- ure of the risk premium. However, one may argue that in the context of the currency union where national gov- ...
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The behavior of real exchange rates: the case of Japan
... the real exchange rate (RER) can be expressed as the nominal exchange rate adjusted for relative national price levels, and hence variations in the RER imply deviations from ...of ...
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Error Correction Based Panel Estimates of the Demand for Money of Selected Asian Countries with the Extreme Bounds Analysis
... the nominal short and long term interest rates, rate of inflation and the exchange rate, in addition to real income are all robust determinants of the demand for money; hence the principal ...
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Estimating Equilibrium Real Exchange Rates of the Rupiah
... As shown by equation (7), deviations from long-run equilibrium are driven by terms of trade, productivity differentials, net foreign assets, inflation differentials, and nominal interest rate differentials. Lower ...
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Sources of Exchange Rate Fluctuations in Kenya: The Relative Importance of Real and Nominal Shocks
... in real exchange rates in Kenya in the period 2001q1 to 2013q4 so as to identify the shocks responsible for these ...the exchange rate: what is the relative importance of real versus ...
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Non linear convergence in Asian interest rates and inflation rates
... In such integrated markets, interest rates (nominal and real) and inflation across countries should exhibit a long-run convergence trend. On the other hand, financial crises and turmoil were also ...
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Impact of real and nominal factors on long run equilibrium in Real Effective Exchange Rate (REER) in Pakistan
... equilibrium exchange rate specifically for developing countries based on reduced-form single equation ...only real (fundamental) variables influence the equilibrium real exchange rate in the ...
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Real Exchange Rate and Real Effective Exchange Rate Measurement: Some theoretical Extensions
... of nominal effective exchange rate and the real effective exchange rate over ...in exchange rate of Nigerian ...effective exchange rate especially for the developing nations like ...
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