|
EconStor >
Goethe-Universität Frankfurt am Main >
Center for Financial Studies (CFS), Universität Frankfurt a. M. >
CFS Working Paper Series, Universität Frankfurt a. M. >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/25557
|
| | |
Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Enders, Zeno | | en_US |
| dc.contributor.author | | Müller, Gernot J. | | en_US |
| dc.contributor.author | | Scholl, Almuth | | en_US |
| dc.date.accessioned | | 2009-04-15 | | en_US |
| dc.date.accessioned | | 2009-07-24T13:48:51Z | | - |
| dc.date.available | | 2009-07-24T13:48:51Z | | - |
| dc.date.issued | | 2008 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/25557 | | - |
| dc.description.abstract | | Using vector autoregressions on U.S. time series relative to an aggregate of industrialized countries, this paper provides new evidence on the dynamic effects of government spending and technology shocks on the real exchange rate and the terms of trade. To achieve identification, we derive robust restrictions on the sign of several impulse responses from a two-country general equilibrium model. We find that both the real exchange rate and the terms of trade whose responses are left unrestricted depreciate in response to expansionary government spending shocks and appreciate in response to positive technology shocks. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Center for Financial Studies Frankfurt, Main | | en_US |
| dc.relation.ispartofseries | | CFS Working Paper 2008/22 | | en_US |
| dc.subject.jel | | F41 | | en_US |
| dc.subject.jel | | F42 | | en_US |
| dc.subject.jel | | E32 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Real Exchange Rate | | en_US |
| dc.subject.keyword | | Terms of Trade | | en_US |
| dc.subject.keyword | | International Transmission Mechanism | | en_US |
| dc.subject.keyword | | Government Spending Shocks | | en_US |
| dc.subject.keyword | | Technology Shocks | | en_US |
| dc.subject.keyword | | VAR | | en_US |
| dc.subject.keyword | | Sign Restrictions | | en_US |
| dc.subject.stw | | Kaufkraftparität | | en_US |
| dc.subject.stw | | Terms of Trade | | en_US |
| dc.subject.stw | | Öffentliche Ausgaben | | en_US |
| dc.subject.stw | | Technologie | | en_US |
| dc.subject.stw | | Schock | | en_US |
| dc.subject.stw | | Internationaler Preiszusammenhang | | en_US |
| dc.subject.stw | | Zwei-Länder-Modell | | en_US |
| dc.subject.stw | | Allgemeines Gleichgewicht | | en_US |
| dc.subject.stw | | Schätzung | | en_US |
| dc.subject.stw | | USA | | en_US |
| dc.title | | How do fiscal and technology shocks affect real exchange rates? New evidence for the United States | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 577761323 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | - |
| Appears in Collections: | | CFS Working Paper Series, Universität Frankfurt a. M.
|
| Files in This Item:
| |
|
| No. of Downloads:
| |
| last Month |
last 3 Month |
total |
|
|
|
|
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|