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Effect of Exchange Rate Volatility on Tax Revenue Performance in Sub-Saharan Africa
Ofori, Isaac Kwesi; Obeng, Camara Kwasi; Mwinlaaru, … - 2021
policymakers in terms of its impact on tax revenue performance is exchange rate volatility. Using macrodata spanning 1984 to 2017 … exchange rate volatility is directly harmful to tax revenue performance, and indirectly through trade openness. …
Persistent link: https://www.econbiz.de/10012512950
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Exchange rate volatility and tax revenue: Evidence from Ghana
Ofori, Isaac Kwesi; Obeng, Camara Kwasi; Armah, Mark Kojo - In: Cogent Economics & Finance 6 (2018) 1
exchange rate volatility. Coming from the background of volatility in Ghana’s exchange rate, could it be the reason for the … rate volatility on tax revenue, the study employed the Auto Regressive Distributed Lag (ARDL) technique after the yearly … volatility has a deleterious effect on tax revenue both in the short-run and long-run but the effect is more pronounced in the …
Persistent link: https://www.econbiz.de/10012435772
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Welfare effects of commodity price and exchange rate volatilities in a multi-sector small open economy model
Dib, Ali - 2008
This paper develops a multi-sector New Keynesian model of a small open economy that includes commodity, manufacturing, non-tradable, and import sectors. Price and wage rigidities are sector specific, modelled à la Calvo-Yun style contracts. Labour and capital are imperfectly mobile across...
Persistent link: https://www.econbiz.de/10010279935
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Real convergence in Central and Eastern European EU Member States: which role for exchange rate volatility?
Arratibel, Olga; Furceri, Davide; Martin, Reiner - 2008
This paper analyzes the relation between exchange rate volatility and several macroeconomic variables, namely real per … find that lower exchange rate volatility is associated with higher growth (for relatively less financially developed …
Persistent link: https://www.econbiz.de/10011604975
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Effect of exchange rate volatility on tax revenue performance in sub-Saharan Africa
Ofori, Isaac Kwesi; Obeng, Camara Kwasi; Mwinlaaru, Peter Y. - 2021
policymakers in terms of its impact on tax revenue performance is exchange rate volatility. Using macrodata spanning 1984 to 2017 … exchange rate volatility is directly harmful to tax revenue performance, and indirectly through trade openness. …
Persistent link: https://www.econbiz.de/10012652992
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International shocks and domestic prices: How large are strategic complementarities?
Amiti, Mari; Itskhoki, Oleg; Konings, Jozef - 2016
How strong are strategic complementarities in price setting across firms? In this paper, we provide a direct empirical estimate of firm price responses to changes in prices of their competitors. We develop a general framework and an empirical identification strategy to estimate the elasticities...
Persistent link: https://www.econbiz.de/10011506815
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Exchange rates and wages
Goldberg, Linda; Tracy, Joseph - 2001
Understanding the effects of exchange rate fluctuations across the population is important for increasingly globalized economies. Previous studies using industry aggregate data have found that industry wages are significantly more responsive than industry employment to exchange rate changes. We...
Persistent link: https://www.econbiz.de/10010283354
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Exchange rates and global rebalancing
Eichengreen, Barry; Rua, Gisela - 2011
This paper considers the general equilibrium relationship between exchange rates and global imbalances. It emphasizes that the exchange rate is not a primitive but an equilibrium price determined by the policy mix. It uses extensions of the two-country Obstfeld-Rogoff model to analyze the...
Persistent link: https://www.econbiz.de/10010286173
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Original sin and the CFA Franc: A case study of the West African Economic and Monetary Union
Peist, Moritz Manuel - 2023
This paper investigates Original Sin in the West African Economic and Monetary Union in the framework of regional integration and cooperation initiatives. The phenomenon describes the inability of countries to borrow in their currency. The central hypothesis is that smaller South-South...
Persistent link: https://www.econbiz.de/10014282673
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Global value chains and effective exchange rates at the country-sector level
Patel, Nikhil; Wang, Zhi; Wei, Shang-jin - 2017
The real effective exchange rate (REER) is one of the most cited statistical constructs in open-economy macroeconomics. We show that the models used to compute these numbers are not rich enough to allow for the rising importance of global value chains. Moreover, because different sectors within...
Persistent link: https://www.econbiz.de/10011944183