External Shocks and Monetary Policy. Does it Pay to Respond to Exchange Rate Deviations?
Texto completo
Documento similar
The jerk, a research field of great interest in quite different academic communities, is the time rate
Note that, in stable conditions, either the service rate is equal to the sending rate, or the service rate is smaller than the sending rate and the transmission queue
Our estima- tion results of the price and foreign income elasticities of demand for Tunisian exports suggest a significant relationship between the real exchange rate index
It may be observed from the table that there exists unidirectional casual influence of the current account deficits on fiscal deficit, investment, real exchange rate
It is observed from the table that variation in stock market, oil and exchange rate are explained by themselves (99.76% to 99.96%), that is a little of the movement
In contrast, exchange rate-based stabilization in chronic inflation countries have resulted in a sluggish adjustment of the inflation rate, sustained real appreciation of the
Accordingly, Chilean copper exports are determined by the Chilean peso-US$ exchange rate, the development of world copper prices in the stock exchanges (e.g., London Metal
More specifically, the most appropriate univariate state space model for each of the exchange rate determinants is chosen from the following set of models: the local level model,