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The Volatility of the Relative Price of Commodities in Terms of Manufactures Across Exchange Regimes : A Theoretical Model

Liang, Hong - 1998

This paper investigates the relationship between the nominal exchange rate regime and the volatility of relative commodity prices. The analysis shows that the relationship depends upon both the market structure and the economic agent’s perception about future exchange rate movements. When the...

Persistent link: https://www.econbiz.de/10014401290

Monetary Growth and Exchange Rate Depreciation As Causes of Inflation in African Countries : An Empirical Analysis

Canetti, Elie - 1991

This paper examines the relative importance of monetary growth and exchange rate depreciation as causes of inflation in … autoregression (VAR) analysis suggest that both monetary expansion and exchange rate adjustments cause inflation in a number of these … countries. However, the failure of the tests to attribute the bulk of the variance in inflation in most of the countries to …

Persistent link: https://www.econbiz.de/10014396232

Drivers of Peru's Equilibrium Real Exchange Rate: Is the Nuevo Sol a Commodity Currency?

2015 - Tashu, Melesse ed

Peru's equilibrium real exchange rate using a cointegration analysis. The results show that export commodity prices do not …

Persistent link: https://www.econbiz.de/10014411898

Investigating Inflation Dynamics in Sudan

Moriyama, Kenji - 2008

This paper investigates inflation dynamics in Sudan using three different approaches: the single equation model, the …-conflict country that uses these three separate techniques to understand inflation dynamics. The use of these approaches is … inflation with 18-24 months time lag …

Persistent link: https://www.econbiz.de/10014401745

Real Exchange Rates and Commodity Prices

Dupont, Dominique Yves - 1996

This paper examines the relations between fluctuations in real exchange rates among the major currencies and fluctuations in real commodity prices. Increased exchange rate volatility calls for a better understanding of these relations. To the best of our knowledge, no systematic study of those...

Persistent link: https://www.econbiz.de/10014398636

The Equilibrium Real Exchange Rate of the Malagasy Franc : Estimation and Assessment

Cady, John - 2003

Employing cointegration techniques, the long-run determinants of Madagascar''s real exchange rate are examined from a …

Persistent link: https://www.econbiz.de/10014404020

Real effective exchange rate and trade balance adjustment : the case of Turkey

Iossifov, Plamen; Fei, Xuan - 2019

the role of exchange rates in supporting growth and restoring external balance. In this paper, we use Turkey---a large and …

Persistent link: https://www.econbiz.de/10012102059

Long Memory Processes and Chronic Inflation : Detecting Homogeneous Components in a Linear Rational Expectation Model

Scacciavillani, Fabio - 1994

This paper is an empirical study of the links between monetary variables and inflation based on Cagan’s equation and … differenced model overcomes Evans’ critique of this test and that chronic inflation is essentially a monetary phenomenon caused by …

Persistent link: https://www.econbiz.de/10014398740

Income Inequality : Does Inflation Matter?

Bulir, Ales - 1998

any austere effects; low inflation reinforces, rather than counteracts, the income-equalizing effect of fiscal …

Persistent link: https://www.econbiz.de/10014400206

Real exchange rate overshooting in large depreciations : determinants and consequences

Culiuc, Alexander - 2020

The consequences of large depreciations on economic activity depend on the relative strength of the contractionary balance sheet and expansionary expenditure switching effects. However, the two operate over different time horizons: the balance sheet effect hits almost immediately, while...

Persistent link: https://www.econbiz.de/10012251364