The macroeconomic effects of large exchange rate appreciations

Marcus Kappler; Helmut Reisen; Moritz Schularick; Edouard Turkisch

In this paper we study the macroeconomic aftermath of large exchange rate appreciations. Using a sample of 128 countries over the period 1960-2008, we identify 25 episodes of large nominal and real appreciations shocks. We use narrative identification of exogenous appreciation episodes and study the macroeconomic effects in a dummy-augmented panel autoregressive model.

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Year of publication:	2012 [erschienen] 2013
Authors:	Kappler, Marcus ; Reisen, Helmut ; Schularick, Moritz ; Turkisch, Edouard
Publisher:	New York : Springer
Subject:	Current account adjustment \| Global imbalances \| Exchange rate adjustment \| Real exchange rates \| Leistungsbilanz (STW) \| Internationales Finanzsystem (STW) \| Aufwertung \| Currency appreciation \| Wirkungsanalyse \| Impact assessment \| Schätzung \| Estimation \| Welt \| World \| Entwicklungsländer \| Developing countries \| Industrieländer \| Industrialized countries \| 1960-2008

Extent:	Online-Ressource (S. [471] - 494) graph. Darst.
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature
Language:	English
Notes:	Parallel als Druckausg. erschienen Systemvoraussetzungen: PDF Reader
Other identifiers:	10.1007/s11079-012-9246-4 [DOI] hdl:10419/122944 [Handle]
Classification:	f04 ; F31 - Foreign Exchange ; F32 - Current Account Adjustment; Short-Term Capital Movements ; N10 - Macroeconomics and Monetary Economics; Growth and Fluctuations. General, International, or Comparative ; O16 - Financial Markets; Saving and Capital Investment
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011402350