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When does it hurt?: the exchange rate "pain threshold" for German exports

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Bibliographic Details
Main Authors:	Belke, Ansgar 1965-2020 (Author), Göcke, Matthias (Author), Günther, Martin (Author)
Format:	Book
Language:	English
Published:	Gießen ZEU 2009
Series:	Discussion papers / Justus-Liebig-Universität Giessen, Zentrum für Internationale Entwicklungs- und Umweltforschung 45
Subjects:	Export Wechselkursänderung Deutschland
Links:	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018678748&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
Item Description:	Online-Ausg. im Internet
Physical Description:	IV, 40, 4 S. graph. Darst.

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Record in the Search Index

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adam_text	Titel: When does it hurt? Autor: Belke, Ansgar Jahr: 2009 Content 1. INTRODUCTION................................................................................1 2. THREE EPISODES OF $/€ EXCHANGE RATE PAIN THRESHOLDS AND THEIR MAIN LESSONS.................................3 2.1 The history of local maxima of the $/€ exchange rate..........................3 2.2 Lessons from the episode of 2004: what is the significance of a strong euro (a weak dollar) for the German industry?.......................6 2.3 Why is the reaction of German exports to small to medium- sized exchange rate movements so weak?...........................................8 3. HYSTERESIS IN EXPORTS............................................................11 3.1 The emergence of a band of inaction from a microeconomic perspective.............................................................................................11 4. AN EMPIRICAL MODEL OF PLAY-HYSTERESIS..........................14 4.1 A linear approximation of exchange rate impacts on exports...........14 4.2 An algorithm capturing linear play.......................................................15 5. EMPIRICAL ANALYSIS...................................................................17 5.1 Data and variables..................................................................................18 5.2 Characteristics of the regression model..............................................18 5.3 Hypotheses.............................................................................................20 5.5 Empirical results....................................................................................21 6. CONCLUSIONS...............................................................................31 REFERENCES........................................................................................33 Figures Figure 1 - Figure 2 - Figure 3 - Figure 4 - Figure 5 - Figure 6 - Figure 7 - Figure 8 - Tables Table 1- Table 2- Table 3- Table 4- Table 5- Table 6- Table A.1 $/€ exchange rate and German exports to the US............................2 Discontinuous micro hysteresis loop: export activity of a single firm h...................................................................................12 Linear play-hysteresis and spurt areas..........................................15 Shift of the play-lines by past spurts and the current reaction Ayj...................................................................................17 R2 resulting from a one-dimensional grid search with constant play over y.......................................................................22 Real exchange rate and the resulting spurt variable (y=24)............................................................................................24 R2 resulting from a one-dimensional grid search with constant play over y.......................................................................28 R2 resulting from a one-dimensional grid search with constant play over y (German Export to USA SITC- Group 78 with an maximum R2=0.915835 by play=y=0.23)..................................................................................31 Standard regression without play / spurt (restriction p = 0).............................................................................................21 Regression with constant play p = y = 0.24...................................23 Standard regression without play / spurt (restriction P = 0) German Export to USA SITC-Group 7 (Machinery and transport equipment)............................................26 Regression with constant play p = y = 0.25 German Export to USA SITC-Group 7.........................................................27 Standard regression without play / spurt (restriction P = 0) German Export to USA SITC-Group 78 (Road vehicles -including air-cushion vehicles)........................................29 Regression with constant play p = y = 0.23 German Export to USA SITC-Group 78.......................................................30 Implementation of the algorithm into an Eviews-batch program.........................................................................................38
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indexdate	2024-12-20T14:00:56Z
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spellingShingle	Belke, Ansgar 1965-2020 Göcke, Matthias Günther, Martin When does it hurt? the exchange rate "pain threshold" for German exports Export (DE-588)4016020-8 gnd Wechselkursänderung (DE-588)4129405-1 gnd
subject_GND	(DE-588)4016020-8 (DE-588)4129405-1 (DE-588)4011882-4
title	When does it hurt? the exchange rate "pain threshold" for German exports
title_auth	When does it hurt? the exchange rate "pain threshold" for German exports
title_exact_search	When does it hurt? the exchange rate "pain threshold" for German exports
title_full	When does it hurt? the exchange rate "pain threshold" for German exports by Ansgar Belke, Matthias Goecke and Martin Guenther
title_fullStr	When does it hurt? the exchange rate "pain threshold" for German exports by Ansgar Belke, Matthias Goecke and Martin Guenther
title_full_unstemmed	When does it hurt? the exchange rate "pain threshold" for German exports by Ansgar Belke, Matthias Goecke and Martin Guenther
title_short	When does it hurt?
title_sort	when does it hurt the exchange rate pain threshold for german exports
title_sub	the exchange rate "pain threshold" for German exports
topic	Export (DE-588)4016020-8 gnd Wechselkursänderung (DE-588)4129405-1 gnd
topic_facet	Export Wechselkursänderung Deutschland
url	http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=018678748&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA
volume_link	(DE-604)BV013810099
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Call Number:	1001 10.2001 B 468-45 Floor plan
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