Author: Matthew B. CanzoneriPublisher:
ISBN: 9788477934677
Category : Foreign exchange
Languages : en
Pages : 0
Book Description
Trends in European Productivity and Real Exchange Rates
Author: Matthew B. CanzoneriPublisher:
ISBN: 9788477934677
Category : Foreign exchange
Languages : en
Pages : 0
Book Description
Trends in European Productivity and Real Exchange Rates
Author: Matthew B. CanzoneriPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 60
Book Description
Trends in European Productivity
Author: Matthew B. CanzoneriPublisher:
ISBN:
Category : Foreign exchange
Languages : en
Pages : 38
Book Description
Trends in european productivity and real exchange rates
Author: Matthew B. CanzoneriTrends in European Productivity and Real Exchange Rates
Author: Real Exchange Rates and Competitiveness
Author: Mr.Leslie LipschitzPublisher: International Monetary Fund
ISBN:
Category : Business & Economics
Languages : en
Pages : 52
Book Description
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.
Trend in European Productivity and Real Exchange Rates, Inplications for the Maastricht Convergence Criteria and for Inflation Targets After EMU
Author: Matthew B. CanzoneriReal Exchange Rate Appreciation in Central and Eastern European Countries
Author: José García SolanesPublisher: Fundacion BBVA
ISBN:
Category :
Languages : en
Pages : 71
Book Description
Productivity Shocks and Real Effective Exchange Rates
Author: Joscha BeckmannPublisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
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.
Structural Change and Exchange Rate Dynamics
Author: Paul J.J. WelfensPublisher: Springer Science & Business Media
ISBN: 3540285261
Category : Political Science
Languages : en
Pages : 290
Book Description
Structural change, economic growth and adequate exchange rate adjustment are key challenges in the context of EU eastern enlargement as are consistent macroeconomic policies. The authors focus on sectoral adjustment across industries in catching-up countries and explain changes in the composition of output – this includes new aspects of the Chenery model. They describe and analyze the spatial pattern of specialization and adjustment in many countries. Theoretical and empirical analysis of foreign direct investment, innovation and structural change shed new light on economic dynamics in Old Europe and New Europe. As regards exchange rate dynamics both traditional aspects (such as the Balassa-Samuelson effect) and new approaches to understanding exchange rate developments are presented. Links between exchange rate changes and innovation are particularly emphasized.