Trade Liberalization, Consumption, and Real Exchange Rate in Seven ASEAN+6 Countries
نویسندگان
چکیده
منابع مشابه
Real Exchange Rate and Consumption Fluctuations following Trade Liberalization
Two-sector models with traded and non-traded goods have problems accounting for the stylized fact that the real exchange rate appreciates and consumption booms for several years following trade liberalization, or exchange-rate-based stabilization programs, in small open economies. The paper investigates some possible solutions to this price-consumption puzzleand evaluates their quantitative i...
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متن کاملreal effective exchange rate and trade performance in iran
the purpose of this paper is to investigate the long-run effect of real effective exchange rate on iran non-oil trade balance. the methodology is based on ardl procedure that can be applied irrespective of whether the regressors are i(0) or i(1). the results show the real depreciation has not a favorable long - run effect on the non-oil trade balance of iran from 1979 to 2001.
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Since Friedman (1953) and Poole (1970), an advantage often attributed to ßexible exchange rate regimes relative to Þxed regimes is their ability to better insulate the economy against real shocks. I use a post-Bretton Woods sample (1973-1996) of 74 developing countries to assess whether the business cycle response of real GDP, real exchange rates and inßation to terms of trade shocks differ sys...
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ژورنال
عنوان ژورنال: Journal of Economics and Behavioral Studies
سال: 2017
ISSN: 2220-6140
DOI: 10.22610/jebs.v9i4.1823