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Author : Jukka Vesala
Publisher :
ISBN 13 :
Total Pages : 86 pages
Book Rating : 4.3/5 ( download)
Download or read book Incomplete Exchange Rate Pass-through and Hysteresis in Trade written by Jukka Vesala and published by . This book was released on 1992 with total page 86 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kong-wing Chow
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (87 download)
Download or read book Essays on Hysteresis in Trade and Exchange Rate Pass-through written by Kong-wing Chow and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Kong-wing Chow
Publisher :
ISBN 13 :
Total Pages : 129 pages
Book Rating : 4.:/5 (753 download)
Download or read book Essays on Hysteresis in Trade and Exchange Rate Pass-through written by Kong-wing Chow and published by . This book was released on 1991 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jongrim Ha
Publisher : World Bank Publications
ISBN 13 : 1464813760
Total Pages : 513 pages
Book Rating : 4.4/5 (648 download)
Download or read book Inflation in Emerging and Developing Economies written by Jongrim Ha and published by World Bank Publications. This book was released on 2019-02-24 with total page 513 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the first comprehensive study in the context of EMDEs that covers, in one consistent framework, the evolution and global and domestic drivers of inflation, the role of expectations, exchange rate pass-through and policy implications. In addition, the report analyzes inflation and monetary policy related challenges in LICs. The report documents three major findings: In First, EMDE disinflation over the past four decades was to a significant degree a result of favorable external developments, pointing to the risk of rising EMDE inflation if global inflation were to increase. In particular, the decline in EMDE inflation has been supported by broad-based global disinflation amid rapid international trade and financial integration and the disruption caused by the global financial crisis. While domestic factors continue to be the main drivers of short-term movements in EMDE inflation, the role of global factors has risen by one-half between the 1970s and the 2000s. On average, global shocks, especially oil price swings and global demand shocks have accounted for more than one-quarter of domestic inflation variatio--and more in countries with stronger global linkages and greater reliance on commodity imports. In LICs, global food and energy price shocks accounted for another 12 percent of core inflation variatio--half more than in advanced economies and one-fifth more than in non-LIC EMDEs. Second, inflation expectations continue to be less well-anchored in EMDEs than in advanced economies, although a move to inflation targeting and better fiscal frameworks has helped strengthen monetary policy credibility. Lower monetary policy credibility and exchange rate flexibility have also been associated with higher pass-through of exchange rate shocks into domestic inflation in the event of global shocks, which have accounted for half of EMDE exchange rate variation. Third, in part because of poorly anchored inflation expectations, the transmission of global commodity price shocks to domestic LIC inflation (combined with unintended consequences of other government policies) can have material implications for poverty: the global food price spikes in 2010-11 tipped roughly 8 million people into poverty.
Author : Jens Abildtrup
Publisher : Springer Science & Business Media
ISBN 13 : 9401147728
Total Pages : 220 pages
Book Rating : 4.4/5 (11 download)
Download or read book Modern Time Series Analysis in Forest Products Markets written by Jens Abildtrup and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume comprises fifteen papers exploring the consequences of applying modern time-series methods, particularly co-integrated time-series methods, for the analysis of forest economics problems. The methods represent the forefront of econometrics in this area, and the volume is the first of its kind. An introductory paper explains the econometrics of unit-root processes. Much of what follows in the other papers depends upon only a few of the ideas presented in the introduction. The volume includes tests of, e.g., the Law of One Price, land valuation models, demand and supply models, Granger-causality, and forecast models. The reader will learn a great deal about forest economies, particularly in Northern Europe, and about the practical use of modern time-series methods. The methods presented are applicable to other fields of economics. The volume is aimed at researchers in applied economics and as a supplement to (advanced) theoretical textbooks, mainly in Natural Resource Economics.
Author : R. Rajan
Publisher : Springer
ISBN 13 : 0230234194
Total Pages : 258 pages
Book Rating : 4.2/5 (32 download)
Download or read book Exchange Rates, Currency Crisis and Monetary Cooperation in Asia written by R. Rajan and published by Springer. This book was released on 2009-03-26 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book concentrates on exchange rates and their macroeconomic consequences, analytical and empirical issues relating to currency crises and policy responses and monetary and financial cooperation in Asia. It is truely pan-Asia-focused with chapters on China, Japan, Korea, India and Southeast Asia.
Author : Ronald MacDonald
Publisher : Routledge
ISBN 13 : 1134838220
Total Pages : 334 pages
Book Rating : 4.1/5 (348 download)
Download or read book Exchange Rate Economics written by Ronald MacDonald and published by Routledge. This book was released on 2005 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: ''In summary, the book is valuable as a textbook both at the advanced undergraduate level and at the graduate level. It is also very useful for the economist who wants to be brought up-to-date on theoretical and empirical research on exchange rate behaviour.'' ""Journal of International Economics""
Author : Pao-Hwa Chan
Publisher : Ann Arbor, Mich. : University Microfilms International
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.:/5 (318 download)
Download or read book The Impact of Exchange Rate Fluctuations on U.S. Trade Competitiveness written by Pao-Hwa Chan and published by Ann Arbor, Mich. : University Microfilms International. This book was released on 1996 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study applies two different econometric methodologies to investigate the impact of exchange rate changes on the trade prices and quantities using the aggregated and industry level data of the United States, Canada, and Japan in order to compare the similarities and differences in countries as well as industries. The dynamic responses of these trade prices and quantities become very interesting and valuable for the further study of the effect of exchange rate changes, because the most important feature of this study is that the value of the U.S. dollar depreciates in terms of the Japanese yen but at the same time appreciates against the Canadian dollar. The actual impact of exchange rate changes is estimated by combining the main features of the markup specification and the effect of intermediate cost changes. In addition to the explicit recognition of the effects of markups and cost changes, the study includes the feedback effect of the partial adjustment mechanism in three-stage least squares to compare the findings of the vector autoregressions and to develop more reasonable implicit explanations. Moreover, the vector autoregressive technique particularly provides an adapted exploration of the dynamic inter-relationships among the exchange rate changes and trade prices as well as quantities to identify the role of exchange rate changes in output and price determination by analyzing variance decompositions and impulse responses. The results from these two different econometric methodologies present several similar meaningful findings. The findings suggest that the exporters and importers of the United States do not meet a very competitive situation with Canadian traders. By contrast, the findings indicate that the export and import industries of the United States encounter severer competition when they trade to and from Japan. In addition to measuring competitiveness, the results also illustrate that the responses of exchange rate changes between the short-run and the long-run are relatively small in the trade prices of the United States and Japan, suggesting that most price adjustments will be completed immediately, while the adjustments of import prices occur slower than has been expected between the United States and Canada. Furthermore, according to the impact elasticities of trade volume equations, the results suggest that a trade negotiation or a managed exchange rate policy might be an effective way to improve the trade deficits between the United States and Canada, while these policies might cause the trade deficits between the United States and Japan to deteriorate after dollar depreciation.
Author :
Publisher : DEStech Publications, Inc
ISBN 13 : 1605951617
Total Pages : 1017 pages
Book Rating : 4.6/5 (59 download)
Download or read book 2014 International Conference on Social Science and and Environment Protection (SSEP2014) written by and published by DEStech Publications, Inc. This book was released on 2014-02-11 with total page 1017 pages. Available in PDF, EPUB and Kindle. Book excerpt: This conference promises to be both informative and stimulating with a wonderful program. Delegates will have a wide range of sessions to choose from and will have a difficult to choose which session to attend. The program consists of invited session, technical workshop and discussions covering a wide range of topics in social science including communication, culture, economics, education, finance, law, management, politics, psychology and society. This rich program provides all attendees with the opportunities to meet and interact with one another. We hope that your experience with SSEP2014 is a fruitful and long lasting one.
Author : Mr.Marco Airaudo
Publisher : International Monetary Fund
ISBN 13 : 1475523165
Total Pages : 65 pages
Book Rating : 4.4/5 (755 download)
Download or read book Inflation Targeting and Exchange Rate Management In Less Developed Countries written by Mr.Marco Airaudo and published by International Monetary Fund. This book was released on 2016-03-08 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze coordination of monetary and exchange rate policy in a two-sector model of a small open economy featuring imperfect substitution between domestic and foreign financial assets. Our central finding is that management of the exchange rate greatly enhances the efficacy of inflation targeting. In a flexible exchange rate system, inflation targeting incurs a high risk of indeterminacy where macroeconomic fluctuations can be driven by self-fulfilling expectations. Moreover, small inflation shocks may escalate into much larger increases in inflation ex post. Both problems disappear when the central bank leans heavily against the wind in a managed float.
Author : Olli-Pekka Lehmussaari
Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.3/5 ( download)
Download or read book The Currency Band and Credibility written by Olli-Pekka Lehmussaari and published by . This book was released on 1992 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Laurent Ferrara
Publisher : Springer
ISBN 13 : 3319790757
Total Pages : 298 pages
Book Rating : 4.3/5 (197 download)
Download or read book International Macroeconomics in the Wake of the Global Financial Crisis written by Laurent Ferrara and published by Springer. This book was released on 2018-06-13 with total page 298 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book collects selected articles addressing several currently debated issues in the field of international macroeconomics. They focus on the role of the central banks in the debate on how to come to terms with the long-term decline in productivity growth, insufficient aggregate demand, high economic uncertainty and growing inequalities following the global financial crisis. Central banks are of considerable importance in this debate since understanding the sluggishness of the recovery process as well as its implications for the natural interest rate are key to assessing output gaps and the monetary policy stance. The authors argue that a more dynamic domestic and external aggregate demand helps to raise the inflation rate, easing the constraint deriving from the zero lower bound and allowing monetary policy to depart from its current ultra-accommodative position. Beyond macroeconomic factors, the book also discusses a supportive financial environment as a precondition for the rebound of global economic activity, stressing that understanding capital flows is a prerequisite for economic-policy decisions.
Author : Tamim Bayoumi
Publisher :
ISBN 13 :
Total Pages : 58 pages
Book Rating : 4.:/5 (318 download)
Download or read book Robustness of Equilibrium Exchange Rate Calculations to Alternative Assumptions and Methodologies written by Tamim Bayoumi and published by . This book was released on 1994 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Markku Malkamäki
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.3/5 ( download)
Download or read book Conditional Risk and Predictability of Finnish Stock Returns written by Markku Malkamäki and published by . This book was released on 1992 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Peter B. Kenen
Publisher : Princeton University Press
ISBN 13 : 0691231133
Total Pages : 566 pages
Book Rating : 4.6/5 (912 download)
Download or read book Understanding Interdependence written by Peter B. Kenen and published by Princeton University Press. This book was released on 2021-06-08 with total page 566 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing together new papers by some of today's leading figures in international economics and finance, Understanding Interdependence surveys the current state of knowledge on the international monetary system and, by implication, defines the research horizon for the future. Covering topics including the behavior of exchange rates, the choice of exchange-rate regime, current-account adjustment in classical and Keynesian models, the extent and effects of capital mobility, international debt, the stabilization and reform of the formerly planned economies, European monetary union, and international policy coordination, the book underscores the importance of these subjects and identifies lessons for policymakers. The contributors to the volume are Michael Bruno, Ralph C. Bryant, Richard N. Cooper, Michael P. Dooley, Barry Eichengreen, Stanley Fischer, Charles A. E. Goodhart, Peter Hooper, Peter B. Kenen, Paul R. Krugman, Henri Lorie, Jaime Marquez, Ronald I. McKinnon, Michael Mussa, Maurice Obstfeld, John Odling-Smee, Assaf Razin, Dani Rodrik, Mark P. Taylor, and John Williamson.
Author : Roman Frydman
Publisher : Princeton University Press
ISBN 13 : 0691261156
Total Pages : 368 pages
Book Rating : 4.6/5 (912 download)
Download or read book Imperfect Knowledge Economics written by Roman Frydman and published by Princeton University Press. This book was released on 2023-09-26 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt: Posing a major challenge to economic orthodoxy, Imperfect Knowledge Economics asserts that exact models of purposeful human behavior are beyond the reach of economic analysis. Roman Frydman and Michael Goldberg argue that the longstanding empirical failures of conventional economic models stem from their futile efforts to make exact predictions about the consequences of rational, self-interested behavior. Such predictions, based on mechanistic models of human behavior, disregard the importance of individual creativity and unforeseeable sociopolitical change. Scientific though these explanations may appear, they usually fail to predict how markets behave. And, the authors contend, recent behavioral models of the market are no less mechanistic than their conventional counterparts: they aim to generate exact predictions of "irrational" human behavior. Frydman and Goldberg offer a long-overdue response to the shortcomings of conventional economic models. Drawing attention to the inherent limits of economists' knowledge, they introduce a new approach to economic analysis: Imperfect Knowledge Economics (IKE). IKE rejects exact quantitative predictions of individual decisions and market outcomes in favor of mathematical models that generate only qualitative predictions of economic change. Using the foreign exchange market as a testing ground for IKE, this book sheds new light on exchange-rate and risk-premium movements, which have confounded conventional models for decades. Offering a fresh way to think about markets and representing a potential turning point in economics, Imperfect Knowledge Economics will be essential reading for economists, policymakers, and professional investors.
Author : Richard E. Baldwin
Publisher : CEPR
ISBN 13 : 1907142061
Total Pages : 246 pages
Book Rating : 4.9/5 (71 download)
Download or read book The Great Trade Collapse: Causes, Consequences and Prospects written by Richard E. Baldwin and published by CEPR. This book was released on 2009 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt:
