Motivated by the absence of conclusive guidance from the current literature, this study
revisits the effects of terms of trade shocks on real effective exchange rates (RER) across …

La economía colombiana se ha visto impactada por la fuerte caída en la cotización
internacional del petróleo, la cual se caracterizó por ser sorpresiva, acelerada y de …

Research proposes that economic policy uncertainty (EPU) leads to exchange rate
fluctuations. Given that African countries experience higher levels of uncertainty in …

Commodity terms of trade shocks have continued to drive macroeconomic fluctuations in
most emerging market economies. The volatility and persistence of these shocks have …

We extend the topical literature on the cyclical behavior of fiscal policy in developing
countries subject to terms of trade cycles by applying the interactive fixed effects model that …

We examine the role of global and domestic shocks in driving macroeconomic fluctuations
for G hana. We are able to study the impact of exogenous shocks, including productivity …

This article investigates the optimal exchange rate regime in a group of ASEAN countries,
which minimizes the adverse effects of foreign demand shocks on real output, the real …

In this paper, we examine the role of global and domestic credit supply shocks in
macroeconomic fluctuations for Emerging Markets. For this purpose, we impose a set of zero …

En este documento se realiza una evaluación de la literatura teórica y empırica sobre la
relación entre los regımenes cambiarios y el desempeno macroeconómico. La principal …

We develop a small open economy DSGE model usable for monetary policy in Sub-Saharan
Africa. In this paper we apply the model to quarterly data from Ghana from 1981–2007. We …