TRADE MARGINS AND EXCHANGE RATE REGIMES: NEW EVIDENCE FROM A PANEL VARX MODEL
作者： Lilia Cavallari , Stefano D’Addona
DOI: 10.1007/978-3-319-14099-5_3
关键词: Econometrics 、 Terms of trade 、 Floating exchange rate 、 Economics 、 Exchange rate 、 Theoretical models 、 Exchange-rate regime 、 Macroeconomics
摘要: This paper studies the dynamics of output and export margins in aftermath external shocks fixed floating exchange rate regimes. Using a panel VARX model, it traces mean responses output, terms trade, extensive intensive to real nominal 22 developed economies over period 1988–2011. It finds remarkable differences transmission depending on Overall, our findings provide novel evidence support stabilization advantages flexible rates based their ability smooth margins. These are consistent with predictions theoretical models firm entry.
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