Strategic Complementarities and Exchange Rate Shocks
Modeling And Forecasting Exchange Rate Shocks
... specific exchange rates, the dollar/drachma and the BP/drachma trends are less predictable than the DM/drachma and the FF/drachma ...interest rate, in particular, is used along with the ...
30
Modeling And Forecasting Exchange-Rate Shocks
... specific exchange rates, the dollar/drachma and the BP/drachma trends are less predictable than the DM/drachma and the FF/drachma ...interest rate, in particular, is used along with the ...
30
Transmission of Exchange Rate Shocks into Domestic Inflation:
... effective exchange rate 10 and the 3-month interest rate are taken from the ARAD database, while producer prices, labor costs, GDP, and the HICP for the euro area come from ...
16
Macroeconomic Shocks and Real Exchange Rate Dynamics
... real exchange rate volatility, trying to answer the second ...structural shocks: supply, domestic demand, monetary policy, foreign demand and risk premium ...five shocks through ...side ...
17
Real Effects of Nominal Exchange Rate Shocks
... real exchange rate developments have deep two-sector, two-factor, open- economy determinants — in particular, adding money-in-the-utility and q-theory to a standard two-sector, two-factor open economy model ...
34
Fiscal Shocks, the Trade Balance, and the Exchange Rate
... the exchange rate and the trade balance to fiscal policy innovations for the ...interest rate (r, BAA rate), real government purchases (G), real net taxes (T), the real exchange ...
66
US shocks and global exchange rate configurations
... Notes: The figure shows the coefficients for four selected US shocks on bilateral US dollar exchange rates horizontal axis against a financial integration with the rest of the world, def[r] ...
60
The Effects of Fiscal Shocks on the Exchange Rate in Spain
... real exchange rate movements are to a large extent the result of inflation ...fiscal shocks affect external competitiveness through their influence on relative ...the exchange rate ...
30
Productivity shocks and real exchange rate: a reappraisal
... We reappraise the relationship between productivity and equilibrium real exchange rates using a panel estimation framework that incorporates a large number of countries and importantly[r] ...
51
Exchange Rate, Wage Indexation, External Shocks and Competition
... real exchange rate would seem to be important determinants of the gains from greater wage ...exchange rate. In the absence of capital controls, maintaining a stable exchange rate ...
22
OIL PRICE SHOCKS, EXCHANGE RATE AND NIGERIA’S ECONOMY
... real exchange was negative and ...price shocks up to the fifth period, thereafter, shocks on oil prices negatively affected external ...price shocks (fall in crude oil price) would result to ...
17
Impact of Oil Price Shocks on Exchange Rate in Algeria
... price shocks on the exchange rate of the Algerian economy which is dominated by the oil ...price shocks and the exchange ...the exchange rate, the Algerian dinar (DZD) ...
9
Monetary Policy Shocks and Exchange Rate Volatility in Nigeria
... for financing large government budgetary deficits. By the same token, financial intermediaries that are conscious of short-term gains or whose horizons are too short would always make choices that render monetary policy ...
19
How External Shocks and Exchange Rate Depreciations Affect Pakistan? Implications for Choice of an Exchange Rate Regime
... real exchange rate depreciation ...external shocks have been kept fixed separately, the exogenous real exchange rate depreciation shock can be regarded as domestically- induced and ...
29
The role of exchange rate in Mongolia: A shock absorber or a source of shocks?
... real exchange rate strongly and quickly responds to real demand shocks at all horizons, and the shock is also transferred to prices in short run and output in the medium and long ...real ...
20
Economic Shocks and Exchange Rate as a Shock Absorber in Indonesia and Thailand
... real shocks in Indonesia and Thailand relative to its trading partners, namely the US and Japan, have been predominantly asymmetrical during both the pre- and post-1997 financial ...of exchange rate ...
40
World Technology Shocks and the Real Euro-Dollar Exchange Rate
... real exchange rate volatility relative to output; when conven- tional International Business Cycle (IBC) models with stationary TFP processes do not (Backus et al 1994, Heathcote and Perri ...real ...
39
Trade Flows and Exchange Rate Shocks in Nigeria: An Empirical Result
... the exchange rate ...between exchange rate adjustment and trade balance, there is still a substantial disagreement concerning such relationship and the effectiveness of exchange ...
30
The effects of monetary policy shocks on New Zealand's exchange rate
... and exchange rates, while the event study approach is usually used to examine the immediate effect between monetary policy and exchange ...interest rate was, instead, based on a daily ...nominal ...
74
Oil Price Shocks, Exchange Rate Volatility and Investment in Nigeria
... the exchange rate (which mostly results in the depreciation of the Naira against major currencies) affects investment through an increase in the cost of doing ...
13