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and uncertainty shocks. Voting for Brexit had large negative effects on the UK economy between 2016 and 2019, leading to …
Persistent link: https://www.econbiz.de/10012806478
react differently to changes in political uncertainty and economic variables. While import flows are more rigid and do not …
Persistent link: https://www.econbiz.de/10012138102
targets for macroeconomic convergence, intending to eliminate exchange rate uncertainty within the bloc and reduce the costs … the set macroeconomic targets has been very slow, resulting in high exchange rate uncertainty within the region. It is … on the exchange rate uncertainty of EAC states using secondary panel data. The study made use of standard deviation and …
Persistent link: https://www.econbiz.de/10012803220
We undertake to estimate the effects of real exchange rate misalignment and regional integration on the service sector performance in selected countries from East Africa during the period of 1991-2017. The main findings, based on the traditional Pooled Mean Group ARDL technique as well as the...
Persistent link: https://www.econbiz.de/10013459605
Persistent link: https://www.econbiz.de/10013262971
This paper analyzes the role of uncertainty on both exchange rate expectations and forecast errors of professionals for … uncertainty as well as disagreement among CPI inflation forecasters to account for different dimensions of uncertainty. Based on a … uncertainty and disagreement among exchange rate forecasters and identify a strong relationship between them. …
Persistent link: https://www.econbiz.de/10011532311
increases strengthen these currencies to different extents. In contrast, heightened geopolitical uncertainty and associated oil …
Persistent link: https://www.econbiz.de/10012214320
This study discusses whether climate risk, in the form of physical risk and transition risk, may cause an appreciation or depreciation of the Norwegian krone. Exchange rates reflect relative prices between money, goods, and services of different countries. Since countries vary greatly in their...
Persistent link: https://www.econbiz.de/10015175665
In studies concluding that public debt may hamper GDP, the debt tipping effects are estimated as if there were a single world currency. This means that such studies ignore the likely biggest cause of changes in growth rates, namely damage from exchange rate liquidity shocks because we do not...
Persistent link: https://www.econbiz.de/10009748247
The standard literature on working time has modelled the decisions of firms in a deterministic framework in which firms can choose between employment and overtime (given mandated standard hours). Contrary to this approach, we follow the real options approach, which allows us to investigate the...
Persistent link: https://www.econbiz.de/10011541121