Results 31 to 40 of about 2,433,644 (137)
Aid, the Real Exchange Rate and Why Policy Matters: The Cases of Morocco and Tunisia
, 2017 Every form of foreign-exchange inflow, including aid, can potentially cause real-exchange rate appreciation, with adverse consequences for the production of tradables (‘Dutch Disease’).
T. Addison, M. Baliamoune-Lutz
semanticscholar +1 more source
THE DYNAMICS OF REAL EXCHANGE RATES: A RECONSIDERATION [PDF]
Journal of Applied Econometrics, 2013 SUMMARYIn this paper we offer a bootstrap‐based version of the Cox specification test for non‐nested hypothesis to discriminate between ESTAR and MSAR models. Both models are commonly used for modeling real exchange rates dynamics. We show that the test has good size and power properties in finite samples.
Heinen, Florian +2 more
openaire +2 more sources
Skill Upgrading and the Real Exchange Rate [PDF]
The World Economy, 2008 This paper examines the effect of changes in the real exchange rate on skill upgrading in the case of Chile. Using plant‐level data from the manufacturing sector, we find that a real depreciation increases the share of skilled workers in the total wage bill in exporters but not in non‐exporters.
Álvarez Espinoza, Roberto +1 more
openaire +6 more sources
The Effect of Real Exchange Rate on Unemployment
, 2016 Unemployment is one of the problems that global economics, especially the economy of developing countries such as Iran is faced with. Therefore, there have been many studies to investigate the variables which affect unemployment in macroeconomics ...
Zahra Bakhshi, M. Ebrahimi
semanticscholar +1 more source
Capital Inflows and Real Exchange Rate Appreciation in Latin America: The Role of External Factors
Social Science Research Network, 1992 The characteristics of recent capital inflows to Latin America are discussed. It is argued that these inflows are partially explained by economic conditions outside the region, like the recession in the United States and lower international interest ...
G. Calvo +2 more
semanticscholar +1 more source
Real-Exchange-Rate Misalignments and Growth [PDF]
, 1997 Сегодня концепция отклонения реального курса от своего равновесного уровня (real exchange rate misalignment) является стандартной в международной макроэкономической теории и политике. Однако до сих пор нет единого мнения по поводу того, что считать показателем отклонения и как его строить.
Ofair Razin, Susan M. Collins
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Persistence in real exchange rate convergence [PDF]
Studies in Nonlinear Dynamics and Econometrics, 2014 AbstractIn this paper we use a long memory framework to examine the validity of the Purchasing Power Parity (PPP) hypothesis using both monthly and quarterly data for a panel of 47 countries over a 50 year period (1957–2009). The analysis focuses on the long memory parameter d that allows us to obtain different convergence classifications depending on ...
Thanasis Stengos, M. Ege Yazgan
openaire +3 more sources
Fractional cointegration and real exchange rates [PDF]
Review of Financial Economics, 2004 AbstractThis paper uses fractional integration and cointegration to model the DM–US dollar and the yen–US dollar real exchange rates in terms of both monetary and real factors, more specifically real interest rate and labour productivity differentials.
Caporale, Guglielmo Maria +1 more
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A real differential view of equilibrium real exchange rates and misalignments [PDF]
, 2000 This paper examines the interaction of G7 real exchange rates with real output and interest rate differentials. Using cointegration methods, we generally find a link between the real exchange rate and the real interest differential.
Hoffmann, Mathias, MacDonald, Ronald
core
Real Exchange Rates and Switching Regimes [PDF]
SSRN Electronic Journal, 2001 We suggest that the real exchange rate between the major currencies in the post-Bretton Woods period can be described by a stationary, two state Markov switching AR(1) model. Based on the forecast performance, both in-sample and out-of-sample, we find that this model out-performs two competing models where the real exchange rate is non-stationary.
Bergman, Ulf Michael, Hansson, Jesper
openaire +6 more sources