On the Instability of Variance Decompositions of the Real Exchange Rate Across Exchange-rate-regimes

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Publisher :
ISBN 13 :
Total Pages : 36 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis On the Instability of Variance Decompositions of the Real Exchange Rate Across Exchange-rate-regimes by : Enrique G. Mendoza

Download or read book On the Instability of Variance Decompositions of the Real Exchange Rate Across Exchange-rate-regimes written by Enrique G. Mendoza and published by . This book was released on 2000 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Variance decompositions of the Mexico-United States real exchange rate are examined using monthly data on consumer prices and the nominal exchange rate for the period January, 1969 to February, 2000. The results show that the robust result found in industrial-country data that most of the variation of the real exchange rate is due to fluctuations in prices of tradable goods and nominal exchange rates holds only in periods in which Mexico was not under a regime of exchange-rate management. In periods in the sample in which Mexico had a managed exchange-rate regime, the variability of prices of non-tradable goods relative to tradable goods accounts for up to 70 percent of the variability of the peso-dollar real exchange rate.

Exchange Rate Regimes

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Publisher : Springer
ISBN 13 : 0230504426
Total Pages : 285 pages
Book Rating : 4.2/5 (35 download)

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Book Synopsis Exchange Rate Regimes by : I. Moosa

Download or read book Exchange Rate Regimes written by I. Moosa and published by Springer. This book was released on 2006-03-28 with total page 285 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the exchange rate regime choice and the role played by the exchange rate in the economy. Approaching the classification of exchange rate regimes from theoretical, practical and historical perspectives, the book discusses pertinent case studies, including the choice of exchange rate regime in the post-conflict case of Iraq.

Economia Fall 2005

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Publisher : Brookings Institution Press
ISBN 13 : 9780815714590
Total Pages : 322 pages
Book Rating : 4.7/5 (145 download)

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Book Synopsis Economia Fall 2005 by : Andres Velasco

Download or read book Economia Fall 2005 written by Andres Velasco and published by Brookings Institution Press. This book was released on 2006-02-01 with total page 322 pages. Available in PDF, EPUB and Kindle. Book excerpt: This semiannual journal from the Latin American and Caribbean Economic Association (LACEA) provides a forum for influential economists and policymakers from the region to share high-quality research directly applied to policy issues within and among those countries.Contents of this edition include The Effects of Migration on Child Health in Mexico (Nicole Hildebrandt and David McKenzie, Stanford University), and Coordinator Failures, Clusters, and Microeconomic Interventions (Andres Rodriguez-Clare, Inter-American Development Bank).

Covered Interest Parity Deviations: Macrofinancial Determinants

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Publisher : International Monetary Fund
ISBN 13 : 1484395212
Total Pages : 36 pages
Book Rating : 4.4/5 (843 download)

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Book Synopsis Covered Interest Parity Deviations: Macrofinancial Determinants by : Mr.Eugenio M Cerutti

Download or read book Covered Interest Parity Deviations: Macrofinancial Determinants written by Mr.Eugenio M Cerutti and published by International Monetary Fund. This book was released on 2019-01-16 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: For about three decades until the Global Financial Crisis (GFC), Covered Interest Parity (CIP) appeared to hold quite closely—even as a broad macroeconomic relationship applying to daily or weekly data. Not only have CIP deviations significantly increased since the GFC, but potential macrofinancial drivers of the variation in CIP deviations have also become significant. The variation in CIP deviations seems to be associated with multiple factors, not only regulatory changes. Most of these do not display a uniform importance across currency pairs and time, and some are associated with possible temporary considerations (such as asynchronous monetary policy cycles).

Exchange Rate Economics

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Publisher : Routledge
ISBN 13 : 1134838220
Total Pages : 334 pages
Book Rating : 4.1/5 (348 download)

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Book Synopsis Exchange Rate Economics by : Ronald MacDonald

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""

Exchange Rate Dynamics

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Publisher : Routledge
ISBN 13 : 1134426135
Total Pages : 320 pages
Book Rating : 4.1/5 (344 download)

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Book Synopsis Exchange Rate Dynamics by : Jean-Olivier Hairault

Download or read book Exchange Rate Dynamics written by Jean-Olivier Hairault and published by Routledge. This book was released on 2004 with total page 320 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and provides a coherent and modern framework for thinking about exchange rate dynamics.

Large Devaluations and the Real Exchange Rate

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Publisher :
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Large Devaluations and the Real Exchange Rate by : Ariel T. Burstein

Download or read book Large Devaluations and the Real Exchange Rate written by Ariel T. Burstein and published by . This book was released on 2004 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the price of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2001), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a detailed analysis of the Argentina case using disaggregated CPI data, data from our own survey of prices in Buenos Aires, and scanner data from supermarkets. We assess the robustness of our findings by studying large real-exchange-rate appreciations, medium devaluations, and small exchange-rate movements"--National Bureau of Economic Research web site.

Exchange Rate Dynamics

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Publisher : Routledge
ISBN 13 : 1134426127
Total Pages : 446 pages
Book Rating : 4.1/5 (344 download)

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Book Synopsis Exchange Rate Dynamics by : Jean-OIiver Hairault

Download or read book Exchange Rate Dynamics written by Jean-OIiver Hairault and published by Routledge. This book was released on 2003-12-18 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: This important new book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and aims at providing a coherent and modern framework for thinking about exchange rate dynamics. With a wide range of contributions, this book is likely to be welcomed by the macroeconomics and financial community.

Exchange Rate Volatility and Trade Flows--Some New Evidence

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Publisher : International Monetary Fund
ISBN 13 : 1498330282
Total Pages : 132 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis Exchange Rate Volatility and Trade Flows--Some New Evidence by : International Monetary Fund

Download or read book Exchange Rate Volatility and Trade Flows--Some New Evidence written by International Monetary Fund and published by International Monetary Fund. This book was released on 2004-05-19 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: NULL

Economic Management in a Volatile Environment

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Publisher : Springer
ISBN 13 : 1137371528
Total Pages : 301 pages
Book Rating : 4.1/5 (373 download)

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Book Synopsis Economic Management in a Volatile Environment by : Ramkishen S. Rajan

Download or read book Economic Management in a Volatile Environment written by Ramkishen S. Rajan and published by Springer. This book was released on 2014-12-15 with total page 301 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book discusses some of the challenges relating to macroeconomic and financial management in a volatile and uncertain world brought about by greater financial openness. It explores the implications of a key set of issues emanating from financial globalisation on emerging market economies in a rigorous but readable manner.

Working Paper Series

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Publisher :
ISBN 13 :
Total Pages : 512 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Working Paper Series by :

Download or read book Working Paper Series written by and published by . This book was released on 2000 with total page 512 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Monetary Policy Credibility and Exchange Rate Pass-Through

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Publisher : International Monetary Fund
ISBN 13 : 1475560311
Total Pages : 33 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Monetary Policy Credibility and Exchange Rate Pass-Through by : Mr.Yan Carriere-Swallow

Download or read book Monetary Policy Credibility and Exchange Rate Pass-Through written by Mr.Yan Carriere-Swallow and published by International Monetary Fund. This book was released on 2016-12-13 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: A long-standing conjecture in macroeconomics is that recent declines in exchange rate pass-through are in part due to improved monetary policy performance. In a large sample of emerging and advanced economies, we find evidence of a strong link between exchange rate pass-through to consumer prices and the monetary policy regime’s performance in delivering price stability. Using input-output tables, we decompose exchange rate pass-through to consumer prices into a component that reflects the adjustment of imported goods at the border, and another that captures the response of all other prices. We find that price stability and central bank credibility have reduced the second component.

Currencies, Commodities and Consumption

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Publisher : Cambridge University Press
ISBN 13 : 110701476X
Total Pages : 401 pages
Book Rating : 4.1/5 (7 download)

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Book Synopsis Currencies, Commodities and Consumption by : Kenneth W. Clements

Download or read book Currencies, Commodities and Consumption written by Kenneth W. Clements and published by Cambridge University Press. This book was released on 2013-01-31 with total page 401 pages. Available in PDF, EPUB and Kindle. Book excerpt: Discusses economic issues associated with exchange rates, commodity prices, the economic size of countries and alternatives to PPP exchange rates.

The Distributional Burden of Taxing Estates and Unrealized Capital Gains at the Time of Death

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Publisher :
ISBN 13 :
Total Pages : 56 pages
Book Rating : 4.3/5 (91 download)

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Book Synopsis The Distributional Burden of Taxing Estates and Unrealized Capital Gains at the Time of Death by : James M. Poterba

Download or read book The Distributional Burden of Taxing Estates and Unrealized Capital Gains at the Time of Death written by James M. Poterba and published by . This book was released on 2000 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 1998 Survey of Consumer Finances provides information on household wealth ownership that can be used to estimate the effect of changing the Unified Estate and Gift Tax Credit on estate tax revenues. The survey also includes data on the prices at which assets were purchased, along with information on their market values. This makes it possible to compare the revenue yield and the distributional consequences of taxing estates with those of taxing unrealized capital gains on assets held by individuals who die. This paper uses data from the Survey of Consumer Finances to estimate the revenue effects of changes in both estate tax provisions and capital gains tax rules. It finds that among those with small estates ($1 million or less), taxing capital gains at death would collect more revenue than the current estate tax from roughly half of the decedents. For those with larger estates, replacing the estate tax with a tax on unrealized gains at death would result in a substantial reduction in total tax payments. The revenue estimates and distributional analyses assume no change in the current capital gains realization behavior of taxpayers, even if the tax law changes. This is an important limitation, and the paper notes several directions for further research that might help to relax this assumption.

Market Volatility and Foreign Exchange Intervention in EMEs

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Publisher :
ISBN 13 : 9789291319626
Total Pages : 0 pages
Book Rating : 4.3/5 (196 download)

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Book Synopsis Market Volatility and Foreign Exchange Intervention in EMEs by : Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico

Download or read book Market Volatility and Foreign Exchange Intervention in EMEs written by Banco de Pagos Internacionales (Basilea, Suiza). Departamento Monetario y Económico and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:

The Six Major Puzzles in International Macroeconomics

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Publisher :
ISBN 13 :
Total Pages : 84 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis The Six Major Puzzles in International Macroeconomics by : Maurice Obstfeld

Download or read book The Six Major Puzzles in International Macroeconomics written by Maurice Obstfeld and published by . This book was released on 2000 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: "We also address a variety of international pricing puzzles, including the purchasing power parity puzzle emphasized by Rogoff, and what we term "the exchange rate disconnect puzzle." The latter category of riddles includes both the Meese-Rogoff exchange rate forecasting puzzle and the Baxter-Stockman neutrality of exchange rate regime puzzle. Here, although many elements need to be added to our extremely simple model, trade costs still play an essential role."--Authors.

An Empirical Assessment of the Exchange Rate Pass-through in Mozambique

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Publisher : International Monetary Fund
ISBN 13 : 1513573691
Total Pages : 34 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis An Empirical Assessment of the Exchange Rate Pass-through in Mozambique by : International Monetary Fund

Download or read book An Empirical Assessment of the Exchange Rate Pass-through in Mozambique written by International Monetary Fund and published by International Monetary Fund. This book was released on 2021-05-06 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Determining the magnitude and speed of the exchange rate passthrough (ERPT) to inflation has been of paramount importance for policy-makers in developed and emerging economies. This paper estimates the exchange rate passthrough in Mozambique using econometric techniques on a sample spanning from 2001 to 2019. Results suggest that the ERPT is assymetric, sizable and fast, with 50 percent of the exchange rate variations passing through to prices in less than six months. Policy-makers should continue to pursue low and stable inflation and develop a strong track record of prudent macroeconomic policies for the ERPT to decline.