How do fiscal and technology shocks affect real exchange rates?: new evidence for the United States
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 re...
Saved in:
| Other Authors: | , , |
|---|---|
| Format: | Book/Monograph Working Paper |
| Language: | English |
| Published: |
Frankfurt, Main
Center for Financial Studies
15 July 2008
|
| Series: | CFS working paper
2008,22 |
| In: |
CFS working paper series (2008,22)
|
| Subjects: | |
| Online Access: | Resolving-System, Volltext: http://nbn-resolving.de/urn:nbn:de:hebis:30-56955 Verlag, Volltext: http://www.ifk-cfs.de/fileadmin/downloads/publications/wp/08_22.pdf Download aus dem Internet, Stand 15.04.2009, Volltext: http://hdl.handle.net/10419/25557 
|
| Author Notes: | Zeno Enders, Gernot J. Müller and Almut Scholl |
MARC
| LEADER | 00000cam a2200000 c 4500 | ||
|---|---|---|---|
| 001 | 577761323 | ||
| 003 | DE-627 | ||
| 005 | 20220703191802.0 | ||
| 007 | cr uuu---uuuuu | ||
| 008 | 080912s2008 gw |||||o 00| ||eng c | ||
| 024 | 7 | |a urn:nbn:de:hebis:30-56955 |2 urn | |
| 024 | 7 | |a 10419/25557 |2 hdl | |
| 035 | |a (DE-627)577761323 | ||
| 035 | |a (DE-576)9577761321 | ||
| 035 | |a (DE-599)GBV577761323 | ||
| 035 | |a (OCoLC)836807053 | ||
| 040 | |a DE-627 |b ger |c DE-627 |e rakwb | ||
| 041 | |a eng | ||
| 044 | |c XA-DE | ||
| 084 | |a 17 |2 sdnb | ||
| 084 | |a F41 |2 jelc | ||
| 245 | 0 | 0 | |a How do fiscal and technology shocks affect real exchange rates? |b new evidence for the United States |c Zeno Enders, Gernot J. Müller and Almut Scholl |
| 264 | 1 | |a Frankfurt, Main |b Center for Financial Studies |c 15 July 2008 | |
| 300 | |a Online-Ressource (38 S.) |b graph. Darst. | ||
| 336 | |a Text |b txt |2 rdacontent | ||
| 337 | |a Computermedien |b c |2 rdamedia | ||
| 338 | |a Online-Ressource |b cr |2 rdacarrier | ||
| 490 | 1 | |a CFS working paper |v 2008,22 | |
| 520 | |a 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. -- Real Exchange Rate ; Terms of Trade ; International Transmission Mechanism ; Government Spending Shocks ; Technology Shocks ; VAR ; Sign Restrictions | ||
| 538 | |a Systemvoraussetzungen: Acrobat Reader. | ||
| 648 | 7 | |8 1.11\x |a 1975-2005 |2 stw | |
| 650 | 7 | |8 1.1\x |a Kaufkraftparität |0 (DE-627)091370353 |0 (DE-2867)10659-0 |2 stw | |
| 650 | 7 | |8 1.2\x |a Terms of Trade |0 (DE-627)091394694 |0 (DE-2867)10675-2 |2 stw | |
| 650 | 7 | |8 1.3\x |a Öffentliche Ausgaben |0 (DE-627)091380820 |0 (DE-2867)11554-2 |2 stw | |
| 650 | 7 | |8 1.4\x |a Technologie |0 (DE-627)091394279 |0 (DE-2867)10470-6 |2 stw | |
| 650 | 7 | |8 1.5\x |a Schock |0 (DE-627)091388392 |0 (DE-2867)19524-6 |2 stw | |
| 650 | 7 | |8 1.6\x |a Preiskonvergenz |0 (DE-627)09136857X |0 (DE-2867)10668-6 |2 stw | |
| 650 | 7 | |8 1.7\x |a Zwei-Länder-Modell |0 (DE-627)091402913 |0 (DE-2867)10068-2 |2 stw | |
| 650 | 7 | |8 1.8\x |a Allgemeines Gleichgewicht |0 (DE-627)091346576 |0 (DE-2867)10070-1 |2 stw | |
| 650 | 7 | |8 1.9\x |a Schätzung |0 (DE-627)091387892 |0 (DE-2867)19037-3 |2 stw | |
| 650 | 7 | |8 1.10\x |a USA |0 (DE-627)091396867 |0 (DE-2867)17829-1 |2 stw | |
| 655 | 4 | |0 (DE-206)24 |a Arbeitspapier |5 DE-206 | |
| 655 | 4 | |0 (DE-206)34 |a Graue Literatur |5 DE-206 | |
| 700 | 1 | |a Enders, Zeno |d 1977- |0 (DE-588)1042697515 |0 (DE-627)76941379X |0 (DE-576)343512777 |4 oth | |
| 700 | 1 | |a Müller, Gernot J. |d 1975- |0 (DE-588)128912340 |0 (DE-627)56908685X |0 (DE-576)297396099 |4 oth | |
| 700 | 1 | |a Scholl, Almuth |d 1974- |0 (DE-588)131476386 |0 (DE-627)50980506X |0 (DE-576)255025734 |4 oth | |
| 810 | 2 | |a Center for Financial Studies |t CFS working paper series |v 2008,22 |9 200822 |w (DE-627)494830832 |w (DE-576)281282374 |w (DE-600)2196856-1 |7 am | |
| 856 | 4 | 0 | |u http://nbn-resolving.de/urn:nbn:de:hebis:30-56955 |x Resolving-System |3 Volltext |
| 856 | 4 | 0 | |u http://www.ifk-cfs.de/fileadmin/downloads/publications/wp/08_22.pdf |x Verlag |3 Volltext |
| 856 | 4 | 0 | |u http://hdl.handle.net/10419/25557 |x Download aus dem Internet, Stand 15.04.2009 |3 Volltext |
| 951 | |a BO | ||
| 992 | |a 20210209 | ||
| 993 | |a WorkingPaper | ||
| 994 | |a 2008 | ||
| 998 | |g 1042697515 |a Enders, Zeno |m 1042697515:Enders, Zeno |p 1 |x j | ||
| 999 | |a KXP-PPN577761323 |e 3850329283 | ||
| BIB | |a Y | ||
| JSO | |a {"relMultPart":[{"title":[{"title_sort":"CFS working paper series","title":"CFS working paper series"}],"part":{"number_sort":["200822"],"number":["2008,22"]},"titleAlt":[{"title":"CFS working paper"}],"pubHistory":["Nr. 52.2001 -"],"corporate":[{"display":"Center for Financial Studies","roleDisplay":"VerfasserIn","role":"aut"}],"language":["eng"],"recId":"494830832","disp":"CFS working paper","type":{"bibl":"serial","media":"Online-Ressource"},"note":["Gesehen am 01.10.14"],"id":{"hdl":["10419/122"],"zdb":["2196856-1"],"eki":["494830832"]},"origin":[{"dateIssuedDisp":"2001-","dateIssuedKey":"2001","publisher":"[Verlag nicht ermittelbar]","publisherPlace":"Frankfurt, M."}],"name":{"displayForm":["Center for Financial Studies"]},"dispAlt":"Center for Financial Studies: CFS working paper series","physDesc":[{"extent":"Online-Ressource"}]}],"language":["eng"],"recId":"577761323","physDesc":[{"extent":"Online-Ressource (38 S.)","noteIll":"graph. Darst."}],"type":{"media":"Online-Ressource","bibl":"edited-book"},"id":{"eki":["577761323"],"hdl":["10419/25557"],"uri":["urn:nbn:de:hebis:30-56955"]},"origin":[{"publisher":"Center for Financial Studies","dateIssuedKey":"2008","dateIssuedDisp":"15 July 2008","publisherPlace":"Frankfurt, Main"}],"title":[{"title_sort":"How do fiscal and technology shocks affect real exchange rates?","subtitle":"new evidence for the United States","title":"How do fiscal and technology shocks affect real exchange rates?"}],"person":[{"role":"oth","display":"Enders, Zeno","given":"Zeno","family":"Enders"},{"display":"Müller, Gernot J.","role":"oth","family":"Müller","given":"Gernot J."},{"given":"Almuth","family":"Scholl","role":"oth","display":"Scholl, Almuth"}],"name":{"displayForm":["Zeno Enders, Gernot J. Müller and Almut Scholl"]}} | ||
| SRT | |a HOWDOFISCA1520 | ||