The Macroeconomic Effects of Large Exchange Rate Appreciations

Marcus Kappler, Helmut Reisen, Moritz Schularick and Edouard Turkisch

EconStor Open Access Articles and Book Chapters, 2013, vol. 24, issue 3, 471-494

Abstract: In this paper we study the macroeconomic aftermath of large exchange rate appreciations. Using a sample of 128 countries over the period 1960–2008, we identify 25 episodes of large nominal and real appreciations shocks. We use narrative identification of exogenous appreciation episodes and study the macroeconomic effects in a dummy-augmented panel autoregressive model.

Keywords: Current account adjustment; Global imbalances (search for similar items in EconPapers)
JEL-codes: F31 F4 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (28)

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Related works:
Journal Article: The Macroeconomic Effects of Large Exchange Rate Appreciations (2013)
Working Paper: The Macroeconomic Effects of Large Exchange Rate Appreciations (2011)
Working Paper: The macroeconomic effects of large exchange rate appreciations (2011)
Working Paper: The macroeconomic effects of large exchange rate appreciations (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:espost:122944

DOI: 10.1007/s11079-012-9246-4

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