Výsledky vyhledávání - "consumption-real exchange rate anomaly"

Under efficient consumption risk sharing, as assumed in standard international business cycle models, a country’s aggregate consumption rises relative to foreign consumption, when the country’s real exchange rate depreciates. Yet, empirically, re

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::960abf7f576ec29fc2d4848d882f37d2
https://doi.org/10.1111/j.1540-5982.2012.01705.x

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USING DEMOGRAPHIC CHANGES TO REVISIT THE CONSUMPTION-REAL EXCHANGE RATE ANOMALY*

Autor: Shiu-Sheng Chen

Publikováno v: The Manchester School. 81:163-175

I use a panel data set covering 26 OECD countries between 1960 and 2004 to revisit the consumption–real exchange rate anomaly. After using demographic variables (in particular, the fertility rate) as instruments, I document a new empirical regulari

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::ca0eb0da299ac42d59aa3ae628696d40
https://doi.org/10.1111/j.1467-9957.2011.02275.x

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Revisiting the consumption-real exchange rate anomaly in a model with non-traded goods

Autor: Phacharaphot Nuntramas

Publikováno v: Journal of International Money and Finance. 30:428-447

This paper shows that the assumption used in many two-country business cycle models that all non-traded goods are nondurable consumption goods magnifies the severity of the consumption-real exchange rate anomaly, which is the discrepancy between the

Externí odkaz: https://explore.openaire.eu/search/publication?articleId=doi_________::88ec1a18bf82c31c36f4841b7e09e4d2
https://doi.org/10.1016/j.jimonfin.2011.01.002

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