EZ12内实际利率和汇率的差异:基于平均组估计的证据

IF 0.2 4区经济学 Q4 ECONOMICS

Revista De Economia Mundial Pub Date : 2020-08-27 DOI:10.33776/REM.V0I58.4920

Olgica Glavaški, Emilija Beker Pucar

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引用次数: 0

摘要

由于名义利率和名义汇率对欧元区成员国来说很常见，通货膨胀差异会引发实际利率和实际汇率的差异，并产生进一步的溢出效应。研究的目的是调查国家价格水平、实际利率和实际汇率在多大程度上与超国家EZ变量共存或偏离。基于1999年第一季度至2019年第四季度12个EZ初始成员的异质动态宏观面板数据的研究结果证实，异质调整以及缺乏平衡是EZ脆弱性的标志。

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Real Interest Rate and Exchange Rate Divergences within the EZ12: Evidence Based at Mean Group Estimators

Since nominal interest rate and nominal exchange rate are common for the Euro-zone (EZ) members, inflation differentials initiate real interest rate and real exchange rate divergences with further spill-over effects. The aim of the research is to investigate in which extent national price level, real interest rate and real exchange rate, co-move or diverge from supranational EZ variables. The research results, based on heterogeneous dynamic macro-panel data of 12 initial EZ members in the period 1999Q1-2019Q4, confirm heterogeneous adjustment, as well as the lack of balancing towards equilibrium, as a sign of EZ vulnerability.

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来源期刊

Revista De Economia Mundial ECONOMICS-

CiteScore

0.90

自引率

20.00%

发文量

审稿时长

20 weeks

期刊介绍： a Revista de Economía Mundial (REM) ISSN: 1576-0162 es una publicación cuatrimestral editada por la Sociedad de Economía Mundial. Se trata de una Revista científica internacional que se encuentra reseñada en prestigiosos índices internacionales.