Title:Exchange and Interest Rate Channels During a Deflationary Era: Evidence from Japan, Hong Kong and China
Author(s):MEHROTRA, AaronDate:2005Type of Publication:Working PaperSeries/Report no.:BOFIT Discussion PaperAbstract:We examine the role of the exchange and interest rate channels during recent deflation episodes in Japan, Hong Kong and China. We estimate open-economy structural vector autoregressive (SVAR) models for the three economies ...
Title:The Exchange Rate - A Shock-Absorber or Source of Shocks? A Study of Four Open Economies
Author(s):ARTIS, Michael J.; EHRMANN, MichaelDate:2000Type of Publication:Working PaperSeries/Report no.:CEPR Discussion PaperAbstract:The paper provides SVAR estimates for four open economies: the UK, Canada, Sweden and Denmark, making explicit a monetary policy reaction function and taking account of exchange rate targeting practices. The object of the ...
Title:Exchange Rate Management: Theory and evidence: The UK experience
Author(s):PILBEAM, KeithDate:1991Type of Publication:BookAbstract:This book provides a concise review of the modern literature on exchange rate determination focussing on the implications for the conduct of exchange rate policy. The author examines the economic justification for foreign ...
Title:Exchange Rate Volatility and Export Performance: A cointegrated VAR approach
Author(s):BOUG, Pål; FAGERENG, AndreasDate:2010-01-01Type of Publication:ArticleAbstract:During the last decades Norwegian exporters have-despite various forms of exchange rate targeting-faced a rather volatile exchange rate which may have influenced their behaviour. Recently, the shift to inflation targeting ...
Title:Exchange Rates and Fundamentals: Co-movement, long-run relationships and short-run dynamics
Author(s):BEKIROS, Stelios D.Date:2011Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:The present study builds upon the seminal work of Engel and West [2005, Journal of Political Economy 113, 485-517] and in particular on the relationship between exchange rates and fundamentals. The paper discusses the ...
Title:Exchange Rates and Oligopoly
Author(s):HENS, Thorsten; KIRMAN, Alan; PHLIPS, LouisDate:1991Type of Publication:Working PaperSeries/Report no.:EUI ECO
Title:Exchange Rates and Oligopoly
Author(s):HENS, Thorsten; JAGER, Eckart; KIRMAN, Alan; PHLIPS, LouisDate:1999Type of Publication:ArticleAbstract:The purpose of this paper is to explain empirical observations concerning the impact of exchange rate changes on industrial prices. As exchange rates change the pass-through into industrial prices is often incomplete and ...
Title:Exchange-Rate Pass-Through and Market Structure
Author(s):KIRMAN, Alan; PHLIPS, LouisDate:1996Type of Publication:ArticleAbstract:We consider a situation in which n firms located in market l and m firms located in market 2 each sell a commodity which is homogeneous within each market but may differ between markets. All firms sell on both markets. ...
Title:Exclusionary Pricing and Rebates When Scale Matters
Author(s):KARLINGER, Liliane; MOTTA, MassimoDate:2007Type of Publication:Working PaperSeries/Report no.:EUI ECOAbstract:We consider an incumbent firm and a more effcient entrant, both
offering a network good to several asymmetric buyers. The incumbent
disposes of an installed base, while the entrant has a network of size zero
at the ...