Non-linearities and unit roots in G7 macroeconomic variables (2008)
Aksoy, Yunus, Leon-Ledesma, Miguel
We carry out a meta-analysis on the frequency of unit-roots in macroeconomic time series with a dataset covering 249 variables for the G7 countries. We use linear tests and the three popular...
Non-linearities and unit roots in G7 macroeconomic variables (2008)
Aksoy, Yunus, Leon-Ledesma, Miguel
We carry out a meta-analysis on the frequency of unit-roots in macroeconomic time series with a dataset covering 249 variables for the G7 countries. We use linear tests and the three popular...
Does the World Real Interest Rate Affect the Real Exchange Rate? The South East Asian Experience
Karine Gente, Miguel Leon-Ledesma
We analyse the consequences of US real interest rate rises on the real exchange rate (RER) in a two-good overlapping generations model of a semi-small open economy. The equilibrium RER depreciates...
Unemployment, Hysterisis and Transition
Leon-Ledesma, Miguel, Peter McAdam
We quantify the degree of persistence in the unemployment rates of transition countries using a variety of methods benchmarked against the EU. In doing so, we will also characterize the dynamic...
Exchange Rate Pass-Through Into Inflation: The Role of Asymmetries and NonLinearities
This paper investigates the empirical evidence on exchange rate pass through (ERPT) into CPI inflation for a set of emerging and developed countries. We argue that, theoretically, ERPT may be...
Testing for Granger (non)-Causality in a Time Varying Coefficient VAR Model
Dimitris K. Christopoulos, Miguel Leon-Ledesma
In this paper we propose Granger (non-)causality tests based on a VAR model allowing for time-varying coefficients. The functional form of the time-varying coefficients is a Logistic Smooth...
Exports, Product Differentiation and Knowledge Spillovers
Empirical studies on aggregate export behaviour have recently emphasised the role played by innovation as the main force driving product differentiation and competitiveness for developed countries....
Remittances, Institutions and Economic Growth
Natalia Catrinescu, Miguel Leon-Ledesma, Matloob Piracha, Bryce Quillin
There is considerable debate regarding the relative contribution of international migrants’ remittances to sustainable economic development. While the rates and levels of officially recorded...
Non-Linearities and Unit Roots in G7 Macroeconomic Variables
Yunus Aksoy, Miguel Leon-Ledesma
We carry out a meta-analysis on the frequency of unit-roots in macroeconomic time series with a dataset covering 249 variables for the G7 countries. We use linear tests and the three popular...
China's Exports and the Oil Price
Joao Ricardo Faria, Andre Varella Mollick, Pedro H. Albuquerque, Miguel Leon-Ledesma
The increase in oil prices in recent years has occurred concurrently with a rapid expansion of Chinese exports in the world markets, despite China being an oil importing country. In this paper we...
Remittances, Institutions, and Economic Growth
Catrinescu, Natalia, Leon-Ledesma, Miguel, Piracha, Matloob, Quillin, Bryce
Summary There is considerable debate regarding the relative contribution of international migrants' remittances to sustainable economic development. While officially recorded remittances to...