Some Multi-Country Evidence On The Effects Of Real Exchange Rates On Output (1998)
Stefan Gerlach, Elmar Koch, Kostas Tsatsaronis, Ted Truman, Steven B. Kamin, Steven B. Kamin, ...
: The simultaneous occurrence of devaluation and recession in Mexico in 1995, as well as in the East Asian economies more recently, appears to contradict the conventional view that devaluations are...
Some multi-country evidence on the effects of real exchange rates on output
The simultaneous occurrence of devaluation and recession in Mexico in 1995, as well as in the East Asian economies more recently, appears to contradict the conventional view that devaluations are...
The Balassa-Samuelson effect in central Europe: a disaggregated analysis
This paper aims to explain differences in inflation between six central European economies - Croatia, the Czech Republic, Hungary, Poland, Slovakia and Slovenia - and the euro area in terms of...
Monetary policy rules in emerging market economies: issues and evidence
The paper reviews the recent conduct of monetary policy and central banks' interest rate setting behaviour in emerging market economies. Using a standard open economy reaction function, we test...
Estimation of Asian effective exchange rates: a technical note
San Sau Fung, Marc Klau, Guonan Ma, Robert N. McCauley
Discussion of exchange rate policy in Asia would benefit from appropriate measures of exchange rates on a multilateral basis. The purpose of this paper is to refine the construction of the effective...
Some multi-country evidence on the effects of real exchange rates on output
A considerable amount of theoretical literature suggests that, contrary to the predictions of textbook analysis, exchange rate devaluations may be contractionary rather than expansionary. This...
Exchange rate regimes and inflation and output in Sub-Saharan countries
The paper studies the role of real exchange rates and exchange rate policies in explaining differences in the economic performance in the CFA franc countries, with their fixed exchange rate regime,...
Higher profits and lower capital prices: is factor allocation optimal?
E. Yndgaard, Palle S. Andersen, Marc Klau
From an international perspective, the European rate of unemployment has been high and growing over the last one to two decades; against this background, the parallel rise in profit shares in a...
Measuring potential vulnerabilities in emerging market economies
This paper describes some experiments with the construction of relatively simple indices which summarise in a systematic and objective way information about emerging economies currently under...
A multi-country comparison of the linkages between inflation and exchange rate competitiveness
This paper compares the response of inflation to changes in exchange rate competitiveness in various regions of the world. The paper first presents evidence that an empirical relationship between the...
The Balassa–Samuelson Effect in Central Europe: A Disaggregated Analysis1
This paper aims to explain differences in inflation between six central European economies – Croatia, the Czech Republic, Hungary, Poland, Slovakia and Slovenia – and the euro area in terms of...
The new BIS effective exchange rate indices
The BIS effective exchange rate (EER) indices have been expanded and updated. The new indices cover 52 economies based on a consistent methodology, and reflect recent developments in global trade by...
Catching-up and inflation in transition economies: the Balassa-Samuelson effect revisited
This paper estimates the Balassa-Samuelson effects for 11 countries in central and eastern Europe on a disaggregated set of quarterly data covering the period from the mid-1990s to the first quarter...