Object

Title: Can the Taylor rules explain exchange rate movements? Evidence from Central and Eastern European Countries

Creator:

Chi-Wei Su ; Deng-kui Si ; Hsu-Ling Chang ; Xiao-Lin Li

Description:

Argumenta Oeconomica, 2018, Nr 2 (41), s. 35-60

Abstrakt:

This study investigates whether the Taylor rules can explain exchange rates for ten Central and Eastern European countries of the conditional distribution by employing a nonlinear quantile stationary test with the Fourier function, which combines the quantile unit root test with smooth unknown multiple breaks through the Fourier function and thus provide more accurate analysis results. We find that the choices and effectiveness of the monetary policies in Central Eastern European economies are highly influenced by the Taylor rules, and also influenced by external factors originating from the United States. Also, our findings point out the bilateral real exchange rates based on Taylor the rules convergence follow a non-linear way. Our results have important policy implications for Central and Eastern European Countries

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2018

Resource Type:

artykuł

Resource Identifier:

doi:10.15611/aoe.2018.2.02 ; oai:dbc.wroc.pl:52782

Language:

eng

Relation:

Argumenta Oeconomica, 2018, Nr 2 (41)

Rights:

Wszystkie prawa zastrzeżone (Copyright)

Access Rights:

Dla wszystkich w zakresie dozwolonego użytku

Location:

Uniwersytet Ekonomiczny we Wrocławiu

Group publication title:

Argumenta Oeconomica

Format:

application/pdf

Object collections:

Last modified:

Nov 14, 2019

In our library since:

Nov 13, 2018

Number of object content hits:

62

Number of object content views in PDF format

50

All available object's versions:

https://www.dbc.wroc.pl/publication/85562

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