Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/61420
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dc.contributor.authorBelke, Ansgaren_US
dc.contributor.authorGöcke, Matthiasen_US
dc.contributor.authorGünther, Martinen_US
dc.date.accessioned2012-08-24en_US
dc.date.accessioned2012-08-27T12:53:16Z-
dc.date.available2012-08-27T12:53:16Z-
dc.date.issued2012en_US
dc.identifier.urihttp://hdl.handle.net/10419/61420-
dc.description.abstractA non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction. We call the latter a play area - analogous to mechanical play and implement an algorithm describing path-dependent playhysteresis into a regression framework. The hysteretic impact of real exchange rates on German exports is then estimated based on quarterly data from 1995Q1 to 2010Q3. For some of the main export partners of Germany outside the euro area and some of the most important tradable sectors we find significant hysteretic effects for a part of the German exports.en_US
dc.language.isoengen_US
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen_US
dc.relation.ispartofseries|aDIW Discussion Papers |x1203en_US
dc.subject.jelF14en_US
dc.subject.jelC51en_US
dc.subject.ddc330en_US
dc.subject.keywordexchange rate movementsen_US
dc.subject.keywordplay-hysteresisen_US
dc.subject.keywordmodelling techniquesen_US
dc.subject.keywordswitching/spline regressionen_US
dc.subject.keywordexport demanden_US
dc.titleExchange rate bands of inaction and play-hysteresis in German exports: Sectoral evidence for some OECD destinationsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn72223466Xen_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:diw:diwwpp:dp1203en_US

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