Belke, Ansgar; Goecke, Matthias; Guenther, Martin - 2009
This paper deals with the impact of the $/Euro exchange rate on German exports in the period from 1995Q1 to 2008Q4. Our … implement an algorithm describing play-hysteresis into a regression framework. A unique pain threshold of the $/Euro exchange … the historical path of the whole process. We come up with an estimate of a play area width of 24 US dollar cent per euro …