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Author : Matthew B. Canzoneri
Publisher :
ISBN 13 : 9788477934677
Total Pages : 0 pages
Book Rating : 4.9/5 (346 download)
Download or read book Trends in European Productivity and Real Exchange Rates written by Matthew B. Canzoneri and published by . This book was released on 1996 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Matthew B. Canzoneri
Publisher :
ISBN 13 :
Total Pages : 60 pages
Book Rating : 4.X/5 (4 download)
Download or read book Trends in European Productivity and Real Exchange Rates written by Matthew B. Canzoneri and published by . This book was released on 1996 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Matthew B. Canzoneri
Publisher :
ISBN 13 :
Total Pages : 38 pages
Book Rating : 4.:/5 (245 download)
Download or read book Trends in European Productivity written by Matthew B. Canzoneri and published by . This book was released on 1998 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Matthew B. Canzoneri
Publisher :
ISBN 13 :
Total Pages : 27 pages
Book Rating : 4.:/5 (129 download)
Download or read book Trends in european productivity and real exchange rates written by Matthew B. Canzoneri and published by . This book was released on 1996 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (356 download)
Download or read book Trends in European Productivity and Real Exchange Rates written by and published by . This book was released on 1996 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Mr.Leslie Lipschitz
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.:/5 (318 download)
Download or read book Real Exchange Rates and Competitiveness written by Mr.Leslie Lipschitz and published by International Monetary Fund. This book was released on 1991-03 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines indicators of competitiveness. It analyzes the conceptual foundations of conventional measures of the real exchange rate and finds that inferences about competitiveness from these indicators require strong, and in many cases implausible, assumptions. Based on this analysis some alternative measures are proposed and their use is illustrated using data from Europe. Given the usefulness of standardized indicators, four simple charts are proposed; these help solve some conundrums in the European data and provide the basis for a richer set of inferences about competitiveness.
Author : Matthew B. Canzoneri
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (848 download)
Download or read book Trend in European Productivity and Real Exchange Rates, Inplications for the Maastricht Convergence Criteria and for Inflation Targets After EMU written by Matthew B. Canzoneri and published by . This book was released on 1996 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : José García Solanes
Publisher : Fundacion BBVA
ISBN 13 :
Total Pages : 71 pages
Book Rating : 4./5 ( download)
Download or read book Real Exchange Rate Appreciation in Central and Eastern European Countries written by José García Solanes and published by Fundacion BBVA. This book was released on 2008 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Joscha Beckmann
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Productivity Shocks and Real Effective Exchange Rates written by Joscha Beckmann and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides new insights into the relationship between exchange rates and productivity developments for European Economies. We focus on the question whether productivity changes have a long-run impact on real effective exchange rates for a large number of European economies. Focusing on a sample period running from 1995 until 2013, we adopt a cointegrated vector autoregressive approach and distinguish between long-run equilibrium, short-run dynamics and long-run impact of shocks. Our findings show that for several industrialized economies, real effective exchange rates and labor productivity are not related over the long-run. A possible explanation for this result is that wage developments do not reflect increases in labor productivity to a large degree, which prevents a transmission to the real effective exchange rate through the price channel. The results for Central and Eastern European Countries are more encouraging since a positive impact of labor productivity on real effective exchange rate is frequently observed.
Author : Frank Engels
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Productivity Trends and the Sterling Real Exchange Rates written by Frank Engels and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper provides favorable econometric evidence for a productivity-based model of the pound/euro real exchange rate. We find that a 1% increase in UK productivity is consistent with a 3.5% real depreciation of sterling. Likewise, a 1% increase in euro area productivity is compatible with a 5.16% real appreciation of sterling. The asymmetric response of UK and foreign productivity shocks corresponds well with our model if UK labor supply is more elastic than euro area labor supply. Estimates of equilibrium exchange rates suggest that sterling was not overvalued at its 2004Q3 level vis-a-vis the euro.
Author : Stefano Micossi
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (318 download)
Download or read book Real Exchange Rates and the Prices of Nontradable Goods written by Stefano Micossi and published by . This book was released on 1994 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Philip R. Lane
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 66 pages
Book Rating : 4.:/5 (318 download)
Download or read book Europe and Global Imbalances written by Philip R. Lane and published by International Monetary Fund. This book was released on 2007-06 with total page 66 pages. Available in PDF, EPUB and Kindle. Book excerpt: Although Europe in the aggregate is a not a major contributor to global current account imbalances, its trade and financial linkages with the rest of the world mean that it will still be affected by a shift in the current configuration of external deficits and surpluses. We assess the macroeconomic impact on Europe of global current account adjustment under alternative scenarios, emphasizing both trade and financial channels. Finally, we consider heterogeneous exposure across individual European economies to external adjustment shocks.
Author : John Cunningham Wood
Publisher : Taylor & Francis
ISBN 13 : 9780415310635
Total Pages : 464 pages
Book Rating : 4.3/5 (16 download)
Download or read book Paul A. Samuelson written by John Cunningham Wood and published by Taylor & Francis. This book was released on 2005 with total page 464 pages. Available in PDF, EPUB and Kindle. Book excerpt: Samuelson is a key figure in economic thinking. This gathers the essential assessments of this important economist, and provides an unparalleled insight into his lasting impact on economics.
Author : Menzie David Chinn
Publisher : International Monetary Fund
ISBN 13 : 1451962169
Total Pages : 33 pages
Book Rating : 4.4/5 (519 download)
Download or read book Real Exchange Rate Levels, Productivity and Demand Shocks written by Menzie David Chinn and published by International Monetary Fund. This book was released on 1997-05-01 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: We investigate the long-run relationship between the real exchange rate, traded and nontraded productivity levels, and government spending for 14 OECD countries, using recently developed panel cointegration tests. The results indicate that under certain assumptions it is easier to detect cointegration in panel data than in the available time series; moreover, the rate of reversion to long-run equilibrium is estimated with greater precision. Using the model augmented by oil prices, we find that in 1991 (the last year productivity data are available) there is less overvaluation of the U.S. dollar than that implied by a naive version of purchasing power parity.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264043462
Total Pages : 162 pages
Book Rating : 4.2/5 (64 download)
Download or read book Handbook on Constructing Composite Indicators: Methodology and User Guide written by OECD and published by OECD Publishing. This book was released on 2008-08-22 with total page 162 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide for constructing and using composite indicators for policy makers, academics, the media and other interested parties. In particular, this handbook is concerned with indicators which compare and rank country performance.
Author : Alberto Alesina
Publisher : University of Chicago Press
ISBN 13 : 0226012859
Total Pages : 477 pages
Book Rating : 4.2/5 (26 download)
Download or read book Europe and the Euro written by Alberto Alesina and published by University of Chicago Press. This book was released on 2010-04-15 with total page 477 pages. Available in PDF, EPUB and Kindle. Book excerpt: It is rare for countries to give up their currencies and thus their ability to influence such critical aspects of their economies as interest and exchange rates. Yet ten years ago a number of European countries did exactly that when they adopted the euro. Despite some dissent, there were a number of arguments in favor of this policy change: it would facilitate exchange of goods, money, and people by decreasing costs; it would increase trade; and it would enhance efficiency and competitiveness at the international level. A decade is an ideal time frame over which to evaluate the success of the euro and whether it has lived up to expectations. To that aim, Europe and the Euro looks at a number of important issues, including the effects of the euro on reform of goods and labor markets; its influence on business cycles and trade among members; and whether the single currency has induced convergence or divergence in the economic performance of member countries. While adoption of the euro may not have met the expectations of its most optimistic proponents, the benefits have been many, and there is reason to believe that the euro is robust enough to survive recent economic shocks. This volume is an essential reference on the first ten years of the euro and the workings of a monetary union.
Author : Man-Keung Tang
Publisher : International Monetary Fund
ISBN 13 : 145185725X
Total Pages : 41 pages
Book Rating : 4.4/5 (518 download)
Download or read book Does Productivity Growth Lead to Appreciation of the Real Exchange Rate? written by Man-Keung Tang and published by International Monetary Fund. This book was released on 2003-07-01 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: We revisit the time-honored link between productivity and the real exchange rate. Consistent with the traditional view, we find that higher labor productivity tends to lead to appreciation of the real exchange rate. Contrary to the traditional view, however, we find that the positive productivity effect is transmitted through the real exchange rate based on tradable prices, rather than through relative prices between tradables and nontradables. Moreover, higher total factor productivity is found, if anything, to lead to depreciation of the real exchange rate. These last two pieces of evidence provide support for the emerging view that limited tradability of goods and services provides scope for the strategic pricing decision, which has material consequences for the aggregate real exchange rate.
