Arbeitspapier
Purchasing power parity: Granger causality tests for the yen-dollar exchange rate
The paper analyses the causality between the Japanese-US relative export prices and the yen-dollar exchange rate. It explains why the Japanese yen proved strong even during the economic slump of the 1990s. The paper suggests that the appreciation of the Japanese yen forced the Japanese enterprises into price reductions and productivity increases, which put a floor under the high level of the yen and thus initiated rounds of appreciation. This corresponds to the conjecture of a vicious (virtuous) circle of appreciation and price adaptation.
- Language
-
Englisch
- Bibliographic citation
-
Series: Tübinger Diskussionsbeiträge ; No. 213
- Classification
-
Wirtschaft
- Subject
-
yen
yen-dollar exchange rate
purchasing power parity
Granger causality test
Wechselkurs
Kaufkraftparität
Außenhandelspreis
Exchange Rate Pass-Through
Yen
US-Dollar
Japan
- Event
-
Geistige Schöpfung
- (who)
-
Schnabl, Gunther
Baur, Dirk
- Event
-
Veröffentlichung
- (who)
-
Eberhard Karls Universität Tübingen, Wirtschaftswissenschaftliche Fakultät
- (where)
-
Tübingen
- (when)
-
2001
- Handle
- URN
-
urn:nbn:de:bsz:21-opus-24328
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Schnabl, Gunther
- Baur, Dirk
- Eberhard Karls Universität Tübingen, Wirtschaftswissenschaftliche Fakultät
Time of origin
- 2001
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Purchasing power parity : granger causality tests for the yen-dollar exchange rate
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Weak Economy and Strong Currency: The Origins of the Strong Yen in the 1990s
Weak economy and strong currency: The origins of the strong yen in the 1990's
The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy
Net Foreign Asset Positions and Appreciation Expectations on the Swiss Franc and the Japanese Yen
A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility
Purchasing power parity : granger causality tests for the yen-dollar exchange rate
The role of the chinese dollar peg for macroeconomic stability in China and the world economy
De jure versus de facto Exchange Rate Stabilization in Central and Eastern Europe
Wege zu einer stabilitäts- und wachstumsorientierten Geldpolitik aus österreichischer Perspektive
De jure versus de facto: Exchange rate stabilization in Central and Eastern Europe
Ultra-lockere Geldpolitiken, Finanzmarktblasen und marktwirtschaftliche Ordnung
Geldpolitisches Kräftemessen
Weak Economy and Strong Currency: The Origins of the Strong Yen in the 1990s
Weak economy and strong currency: The origins of the strong yen in the 1990's
The Changing Role of the Yen/Dollar Exchange Rate for Japanese Monetary Policy
Net Foreign Asset Positions and Appreciation Expectations on the Swiss Franc and the Japanese Yen
A structural break in the effects of Japanese foreign exchange intervention on yen/dollar exchange rate volatility
Purchasing power parity : granger causality tests for the yen-dollar exchange rate
The role of the chinese dollar peg for macroeconomic stability in China and the world economy
De jure versus de facto Exchange Rate Stabilization in Central and Eastern Europe
Wege zu einer stabilitäts- und wachstumsorientierten Geldpolitik aus österreichischer Perspektive
De jure versus de facto: Exchange rate stabilization in Central and Eastern Europe
Ultra-lockere Geldpolitiken, Finanzmarktblasen und marktwirtschaftliche Ordnung