Fiscal shocks and the real exchange rate: evidence from an outpost of textbook open-economy macroeconomicsRecent empirical research into the macroeconomic effects of fiscal policy shocks has generated a 'puzzle'. Both Keynesian and Real Business Cycle models predict that a fiscal expansion will lead ...
International finance and macroeconomics. NBER Reporter, Winter, pp. 1–6. Google Scholar Cited by (5) New evidence on nominal exchange rate predictability 2009, Journal of International Money and Finance Citation Excerpt : Another popular model for capturing the non-linearity of real exchange rates...
NBER WORKING PAPER SERIES REAL EXCHANGE RATE AND INTERNATIONAL RESERVES IN THE ERA OF FINANCIAL INTEGRATION Joshua Aizenman Sy-Hoa Ho Luu Duc Toan Huynh Jamel Saadaoui Gazi Salah Uddin Working Paper 30891 http://www.nber.org/papers/w30891 NATIONAL BUREAU OF ECONOMIC RESEARCH 1050 Massachusetts ...
Inflation Rate=CPIcurrent−CPIpreviousCPIpreviousx100 To calculate real wage, knowing the nominal wage and the inflation rate, the following formula is used: Real Wage=Nominal Wage−(Nominal WagexInflation Rate) The formula to adjust purchasing power to the base year's nominal wage is: Real ...
Calculations to convert the nominal rate to real interest rate are made easy with a formula known as the Fisher equation. Irving Fisher, an American economist, was a great contributor to the development of modern monetary theory. He believed that interest rates result from two influences: the pe...
3) Bankers often found that if they issued bank notes in exchange for, say, silver coins, the notes would reflux prematurely. This problem was eased if banks accepted only real bills. Sorry to be a broken record about this, but these points are explained in "The real Meaning of the Rea...
This paper proposes a small New Open Economy Macroeconomics model to explain the em- pirical major role of net foreign assets in the public debt / real exchange rate relationship. Unlike Obstfeld and Rogoff (1995a), the overlapping generation structure induces an endogenous and stationary path ...
Economics 102: Macroeconomics Browse by Lessons GDP & Quality of Life Measuring the Economy Activities for High School Net Domestic Product | NDP Formula & Calculation GDP Lesson Plan for Elementary School Real GDP Per Capita | Definition, Formula & Calculation What is the GDP? - Lesson for Kids...
Learn what the real GDP growth rate represents. See how to calculate the growth rate of real GDP using the real GDP growth rate formula and find...
In addition, exchange rate volatility has a negative effect on exports in the long run in all five countries. However, the effects of exchange volatility are found to yield mixed results in the short run regardless of which measure of exchange rate volatility was used. Keywords: BRICS; exports...