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Details for article 7 of 8 found articles
| Title: |
Test of an Inverted J-Shape Hypothesis between the Expected Real Exchange Rate and Real Output: The Case of Ireland |
| Author: |
Yu Hsing |
| Appeared in: |
International journal of economic sciences and applied research |
| Paging: | Volume 3 (2010) nr. 1 pages 39-47 |
| Year: |
2010 |
| Contents: |
Applying an open-economy macroeconomic model, incorporating the monetary policyreaction function and uncovering interest parity, this paper finds that the expected realexchange rate and real output exhibit an inverted J-shape relationship, suggesting thatexpected real depreciation increases real output during 1999.Q2-2001.Q3 whereas expectedreal appreciation raises output during 2001.Q4-2009.Q1. Other findings show that a higherreal financial stock price, a higher world real interest rate, or a lower expected inflationrate would increase real output. Fiscal prudence may be needed as the coefficient of thegovernment borrowing/GDP ratio is insignificant at the 10% level. |
| Publisher: |
Kavala Institute of Technology (provided by DOAJ) |
| Source file: |
Elektronische Wetenschappelijke Tijdschriften |
Details for article 7 of 8 found articles
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