Search Results - subject:"Exchange rate misalignment"

IS INFLATION ALWAYS AND EVERYWHERE A NON-MONETARY PHENOMENON: EVIDENCE FROM UGANDA

David, KIHANGIRE Asiimwe; Albert, MUGYENYI - EconWPA - 2005

This paper examines the determinants of Uganda’s inflation rate during 1994M7-2005M6. We test the central hypothesis that Uganda’s inflation rate is always and everywhere a non-monetary phenomenon. A theoretical background relating inflation to monetary and other non-monetary factors is...

Persistent link: https://www.econbiz.de/10005125496

Exchange Rates and Economic Fundamentals; A Framework for Analysis

Symansky, Steven A.; Clark, Peter B.; Bartolini, Leonardo; … - International Monetary Fund (IMF) - 1994

This paper summarizes the methods and types of indicators that are often employed, both insid and outside the IMF, to assess whether exchange rates are broadly in line with economic fundamentals.

Persistent link: https://www.econbiz.de/10005824872

Losing Credibility; The Stabilization Blues

Guidotti, Pablo Emilio; Gramont, Carlos A. Végh - International Monetary Fund (IMF) - 1992

In exchange rate-based stabilization programs, credibility often follows a distinct time pattern. At first it rises as the highly visible nominal anchor provides a sense of stability and hopes run high for a permanent solution to the fiscal problems. Later, as the domestic currency appreciates...

Persistent link: https://www.econbiz.de/10005605058

The Bias Against Agriculture in Sub-Saharan Africa: Has It Survived 20 Years of Structural Adjustment Programs?

Thiele, Rainer - Institut für Weltwirtschaft (IfW) - 2002

This paper deals with the question of whether the discrimination against agriculture that prevailed in Sub-Saharan Africa until the early 1980s has continued to characterize the region despite the widespread adoption of structural adjustment programs. The evolution of both direct interventions...

Persistent link: https://www.econbiz.de/10005818803

A panel data investigation of real exchange rate misalignment and growth

MacDonald, Ronald; Vieira, Flávio - Department of Economics, Adam Smith Business School

The paper investigates the role of real exchange rate misalignment on long-run growth for a set of ninety countries … this is then used to construct measures of real exchange rate misalignment. We also provide an alternative set of estimates … of real exchange rate misalignment using panel cointegration methods. The variables used in our real exchange rate models …

Persistent link: https://www.econbiz.de/10008459115