Journalartikel

Jahr der Veröffentlichung: 2013

Seiten: 152-179

Zeitschrift: Metroeconomica: International Review of Economics

Bandnummer: 64

Heftnummer: 1

ISSN: 0026-1386

Open Access Status: Green

DOI Link: https://doi.org/10.1111/meca.12000

Verlag: Wiley

Abstract: 
A non-linear model is applied, where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction, which we call play areaanalogous to mechanical play. We implement an algorithm describing path-dependent play-hysteresis into a regression framework. The hysteretic impact of real exchange rates on German exports is estimated based on the period from 1995Q1 to 2010Q3. Looking at some of the main export partners of Germany outside the euro area and some of the most important tradeable sectors we find significant hysteretic effects for a part of the German exports.

Harvard-Zitierstil: Belke, A., Göcke, M. and Günther, M. (2013) Exchange Rate Bands of Inaction and Play-Hysteresis in German Exports – Sectoral Evidence for Some OECD Destinations, Metroeconomica, 64(1), pp. 152-179. https://doi.org/10.1111/meca.12000

APA-Zitierstil: Belke, A., Göcke, M., & Günther, M. (2013). Exchange Rate Bands of Inaction and Play-Hysteresis in German Exports – Sectoral Evidence for Some OECD Destinations. Metroeconomica. 64(1), 152-179. https://doi.org/10.1111/meca.12000