Showing 1 - 10 of 348
effects of oil exports are taken into account, the estimates support output growth convergence between Iran and the rest of …, which could be partly due to the relatively underdeveloped nature of Iran's financial markets. -- growth models ; long run …
Persistent link: https://www.econbiz.de/10003897747
We study the short and long run responses of income inequality to positive per capita oil and gas rent shocks in Iran … different channels potentially affecting the income distribution in Iran. Our analysis can help policymakers evaluate and … accommodate the possible positive or negative effects on inequality in Iran resulting from the 2016 lifting of the embargo against …
Persistent link: https://www.econbiz.de/10011793996
Persistent link: https://www.econbiz.de/10003641673
Using recent advances in panel data estimation techniques, we find that an appreciation of the US dollar exchange rate leads to a significant decline in oil demand for a sample of 65 oil-importing countries. The estimated effect turns out to be much larger than the impact of a shift in the...
Persistent link: https://www.econbiz.de/10009707558
We analyze total, asymmetric and frequency connectedness between oil and forex markets using high-frequency, intra-day data over the period 2007 - 2017. By employing variance decompositions and their spectral representation in combination with realized semivariances to account for asymmetric and...
Persistent link: https://www.econbiz.de/10012035050
Persistent link: https://www.econbiz.de/10003397221
sanctions, Iran’s average annual growth could have been around 4 - 5 per cent, as compared to the 3 per cent realized. Sanctions …
Persistent link: https://www.econbiz.de/10012599150
This paper establishes a causal link between the dollar exchange rate and international trade flows, employing a new instrument for the U.S. Dollar that is based on domestic U.S. housing activity (Ma and Zhang (2019)). In line with the dominant currency paradigm (Gopinath et al. (2020)), import...
Persistent link: https://www.econbiz.de/10012319440
This paper provides evidence that the U.S. dollar affects countries' exports through the financial channel of the exchange rate (Bruno and Shin (2015)). Using global data on trade between countries whose currency is not the U.S. dollar, it documents a positive relationship between the dollar and...
Persistent link: https://www.econbiz.de/10014293276
The paper uses a small open economy general-equilibrium model to compare fiscal and nominal exchange rate devaluation with respect to their impact on economic activity and the current account. In particular, it investigates to which extent fiscal devaluation mimics nominal exchange rate...
Persistent link: https://www.econbiz.de/10011392516