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Exchange Rate Volatility Effects on the German Labour Market: A Survey of Recent Results and Extensions

Buscher, Herbert S.; Mueller, Claudia - 1999

In this paper, a survey on theoretically expected and empirically proved impacts of exchange rate volatility is given …. With regard to the West German unemployment, the effects of volatility are empirically analysed using three different … volatility measures and four country groups. In autoregressive models, a significant disturbing impact of volatility can be found …

Persistent link: https://www.econbiz.de/10010262270

International financial integration and Real Exchange Rate long-run dynamics in emerging countries: some panel evidence

Caporale, Guglielmo Maria; Amor, Thouraya Hadj; Rault, … - 2009

The aim of this paper is to provide new empirical evidence on the impact of international financial integration on the long-run Real Exchange Rate (RER) in 39 developing countries belonging to three different geographical regions (Latin America, Asia and MENA). It covers the period 1979-2004,...

Persistent link: https://www.econbiz.de/10010271575

The Pass-Through of Exchange Rate in the Context of the European Sovereign Debt Crisis

Ben Cheikh, Nidhaleddine; Rault, Christophe - 2015

This paper investigates whether exchange rate pass-through (ERPT) into import prices is a nonlinear phenomenon for five heavily indebted Euro area countries, namely the so-called GIIPS group (Greece, Ireland, Italy, Portugal, and Spain). Using logistic smooth transition models, we explore the...

Persistent link: https://www.econbiz.de/10011401735

Purchasing Power Parity for Developing and Developed Countries: What Can We Learn from Non-Stationary Panel Data Models?

Drine, Imed; Rault, Christophe - Institute for the Study of Labor (IZA) - 2007

The aim of this paper is to apply recently developed panel cointegration techniques proposed by Pedroni (1999, 2004) and generalized by Banerjee and Carrion-i-Silvestre (2006) to examine the robustness of the PPP concept for a sample of 80 developed and developing countries. We find that strong...

Persistent link: https://www.econbiz.de/10005761840

International Financial Integration and Real Exchange Rate Long-Run Dynamics in Emerging Countries: Some Panel Evidence

Caporale, Guglielmo Maria; Hadj Amor, Thouraya; Rault, … - Institute for the Study of Labor (IZA) - 2009

Persistent link: https://www.econbiz.de/10005762383

Investigating First-Stage Exchange Rate Pass-Through: Sectoral and Macro Evidence from Euro Area Countries

Cheikh, Nidhaleddine Ben; Rault, Christophe - 2017

In this paper, we evaluate the first-stage pass-through, namely the responsiveness of import prices to the exchange rate changes, for a sample of euro area (EA) countries. Our study aims to shed further light on the role of microeconomic factors vs. macroeconomic factors in influencing the...

Persistent link: https://www.econbiz.de/10011653283

Exchange Rates and Economic Growth During the Global Business Cycle: The Role of Labor Market Institutions

Kuokštis, Vytautas; Asali, Muhammad; Spurga, Simonas … - 2024

The effect of exchange rate regimes on economic performance is one of the key questions in international economics, both academically and policy-wise. Based on the theory of Optimum Currency Areas (OCA), we examine how labor market regulations affect the relationship between exchange rate...

Persistent link: https://www.econbiz.de/10015210901

Unemployment and finance: how do financial and labour market factors interact?

Gatti, Donatella; Vaubourg, Anne-Gaël - 2009

Using data for 18 OECD countries over the period 1980-2004, we investigate how labour and financial factors interact to determine unemployment. We show that the impact of financial variables depends strongly on the labour market context. Increased market capitalization as well as decreased...

Persistent link: https://www.econbiz.de/10010269283

The Performance of Consumers' Cooperatives in America

Pencavel, John - 2020

A series of observations on various types of cooperatives is constructed from intermittent surveys between 1920 and 1950 and, where possible, these are extended to recent years. These observations allow several questions to be taken up: how well have organizations that resemble consumers'...

Persistent link: https://www.econbiz.de/10012322586

Labour market institutions and unemployment: Does finance matter?

Rault, Christophe; Vaubourg, Anne-Gaël - 2011

We explore whether finance influences the impact of labour market institutions on unemployment. Using a data set of 18 OECD countries over 1980-2004, we estimate a panel VectorAutoRegressive model. We check whether causalities from labour market variables to unemployment are affected by...

Persistent link: https://www.econbiz.de/10010278802