Showing 1 - 10 of 205
This paper assesses the quality of the CBC's communication policy by looking at the predictability and effectiveness of … for the three major communication channels of the CBC: the release of policy meetings' statements, minutes, and monetary … monetary policy surprises associated with meeting statements and the impact of the above communication channels on asset …
Persistent link: https://www.econbiz.de/10012913882
We offer a novel methodology for assessing the quality of inflation reports. In contrast to the existing literature, which mostly evaluates the formal quality of these reports, we evaluate their economic content by comparing inflation factors reported by the central banks with ex-post...
Persistent link: https://www.econbiz.de/10013051913
How do policy communications on future f iscal targets af fect market expectations and beliefs about the future conduct of f iscal policy? In this paper, we develop indicators of f iscal credibility that quantify the degree to which policy announcements anchor expectations, based on the...
Persistent link: https://www.econbiz.de/10013295113
This paper analyzes how the formation of Global Value Chains (GVCs) has affected the exchange rate elasticity of exports. Using a panel framework covering 46 countries over the period 1996-2012, we first find some suggestive evidence that the elasticity of real manufacturing exports to the Real...
Persistent link: https://www.econbiz.de/10012999740
A new dataset on export sophistication reveals that in many countries the importance of modern services, and the …
Persistent link: https://www.econbiz.de/10013037039
This paper investigates the impact of domestic fuel price increases on export growth in a sample of 77 developing … in domestic gasoline or diesel price adversely affects real non-fuel export growth, but only in the short run as the …
Persistent link: https://www.econbiz.de/10012889165
Spain's export performance strengthened after the global financial crisis, and exports now represent more than a third … diversification of destination markets; enhanced export orientation of Spanish firms, partly as a response to lower domestic demand … adopted in 2010 and 2012. Based on cross-country panel regressions linking real export growth to employment protection …
Persistent link: https://www.econbiz.de/10012892912
This paper develops new, far more extensive estimates of export quality, covering 178 countries and hundreds of …
Persistent link: https://www.econbiz.de/10013080859
One of the most important recent developments in international trade is the increasing interconnectedness of export … understanding of European exports: where exports values are created, the role of vertical supply links in export growth, what is … analysis finds strong role of supply links in cross-country export performance in Europe, where these links between countries …
Persistent link: https://www.econbiz.de/10013084473
We present a gravity model that accounts for multilateral resistance, firm heterogeneity and country-selection into trade, while accommodating asymmetries in trade flows. A new equation for the proportion of exporting firms takes a gravity form, such that the extensive margin is also affected by...
Persistent link: https://www.econbiz.de/10013085999