Search Results - subject:"Real Exchange Rate Dynamics"

Monetary regime choice in the accession countries - a theoretical analysis

Lipinska, Anna - Society for Computational Economics - SCE - 2006

This paper studies the choice of the monetary regime in a small open economy with special focus on the EMU accession countries. In the framework of a two - country DSGE model we conduct policy experiments consisting in analysing the effects of different monetary regimes (roughly representing the...

Persistent link: https://www.econbiz.de/10005342932

Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies

Mendoza, Enrique G. - International Monetary Fund (IMF) - 2006

This paper shows that the dominant view that the high variability of real exchange rates is due to movements in exchange rate-adjusted prices of tradable goods does not hold for Mexican data for periods with a managed exchange rate. The relative price of nontradables accounts for up to 70...

Persistent link: https://www.econbiz.de/10005264110

Can Using Interest Rates to Check Domestic Demand Raise the Strength of the Sterling in the Long Run?

Iliopulos, Eleni; Miller, Marcus - Centre d'Études des Politiques Économiques (EPEE), … - 2006

An updated version of Krugman's (1993) MMF framework is used to consider the implications of buoyant domestic demand for the real exchange rate and debt dynamics. The updating includes a Taylor rule for monetary policy and explicit treatment of external assets and liabilities. In response to an...

Persistent link: https://www.econbiz.de/10010641695

CURRENT ACCOUNT ADJUSTMENTS AND REAL EXCHANGE RATES IN EUROPEAN TRANSITION ECONOMIES

MIRDALA, Rajmund - In: Journal of Applied Economic Sciences Quarterly VIII (2013) 2, pp. 210-227

economies, there is still a substantial potential to analyze price effects of real exchange rate dynamics on current account … accounts may reveal causal relationship between real exchange rate dynamics and international competitiveness in order to … relationship between real exchange rate dynamics and current account adjustments (in countries with different exchange rate …

Persistent link: https://www.econbiz.de/10010897984

Causes of nonlinearities in low-order models of the real exchange rate

Ahmad, Yamin; Lo, Ming Chien; Mykhaylova, Olena - In: Journal of International Economics 91 (2013) 1, pp. 128-141

, nontraded goods, and incomplete markets, can generate nonlinear real exchange rate dynamics that are consistent with those found …

Persistent link: https://www.econbiz.de/10010906909

Volatility and persistence of simulated DSGE real exchange rates

Ahmad, Yamin; Lo, Ming Chien; Mykhaylova, Olena - In: Economics Letters 119 (2013) 1, pp. 38-41

We investigate the time series properties of both filtered and unfiltered real exchange rate series produced by DSGE models that feature local currency pricing, home bias, nontraded goods, and incomplete markets. Detrended series produced by several specifications approach the empirically...

Persistent link: https://www.econbiz.de/10010662381

Causes of nonlinearities in low-order models of the real exchange rate

Ahmad, Yamin; Lo, Ming Chien; Mykhaylova, Olena - In: Journal of international economics 91 (2013) 1, pp. 128-141

Persistent link: https://www.econbiz.de/10009793111

Real Exchange Rate Misalignment; A Panel Co-Integration and Common Factor Analysis

Yehoue, Etienne B.; Dufrénot, Gilles J. - International Monetary Fund (IMF) - 2005

We combine some newly developed panel co-integration techniques and common factor analysis to analyze the behavior of the real exchange rate (RER) in a sample of 64 developing countries. We study the dynamic of the RER with its economic fundamentals: productivity, the terms of trade, openness,...

Persistent link: https://www.econbiz.de/10005604940

Real Exchange Rate Dynamics and Output Contraction under Transition

Papazoglou, Christos - Bank of Greece - 2005

Two major stylized facts that emerged during the early transition experience of the economies of Central and Eastern Europe were the fall in output and the appreciation of the real exchange rate. In this paper, we attempt to give a theoretical explanation, beyond that found in the existing...

Persistent link: https://www.econbiz.de/10005162300

International Trade and Macroeconomic Dynamics with Heterogeneous Firms

Ghironi, Fabio; Melitz, Marc J. - Department of Economics, Boston College - 2004

We develop a stochastic, general equilibrium, two-country model of trade and macroeconomic dynamics. Productivity differs across individual, monopolistically competitive firms in each country. Firms face a sunk entry cost in the domestic market and both fixed and per-unit export costs. Only...

Persistent link: https://www.econbiz.de/10004968835