Gas price shocks, the current account, and the real exchange rate: An empirical analysis for the EU

Juan Cuestas, Mercedes Monfort and Javier Ordóñez

Finance Research Letters, 2024, vol. 60, issue C

Abstract: The aim of this paper is to analyse how gas price shocks affect the real exchange rate (RER) and the current account (CA) for a panel of countries from the EU28. We estimate VAR models and account for the possibility of asymmetric effects in gas price shocks. Our results show that the effects on the RER and CA are short-lived and that there are asymmetries in some cases.

Keywords: Real exchange rates; Current account; Gas prices; Asymmetries (search for similar items in EconPapers)
JEL-codes: C22 F15 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:60:y:2024:i:c:s1544612323012126

DOI: 10.1016/j.frl.2023.104840

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