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Enrique Alberola

Citations

Many of the citations below have been collected in an experimental project, CitEc, where a more detailed citation analysis can be found. These are citations from works listed in RePEc that could be analyzed mechanically. So far, only a minority of all works could be analyzed. See under "Corrections" how you can help improve the citation analysis.

Working papers

  1. Enrique Alberola-Ila & Gong Cheng & Andrea Consiglio & Stavros A. Zenios, 2022. "Debt sustainability and monetary policy: the case of ECB asset purchases," BIS Working Papers 1034, Bank for International Settlements.

    Cited by:

    1. Czeczeli, Vivien, 2023. "Az államadósság fenntarthatósága alacsony kamatkörnyezetben [The sustainability of public debt in a low interest rate environment]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1361-1388.
    2. Alberola, Enrique & Cheng, Gong & Consiglio, Andrea & Zenios, Stavros A., 2023. "Unconventional monetary policy and debt sustainability in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 69(C).
    3. Kovács, Olivér, 2023. "Fiskális politika az öröklétnek - államadósság: ördög vagy messiás?* Olivier Blanchard: Fiscal Policy Under Low Interest Rates. MIT Press, 2023, 192 o [Fiscal policy for eternity - public dept: dev," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(1), pages 103-110.

  2. Enrique Alberola-Ila & Carlos Cantú & Paolo Cavallino & Nikola Mirkov, 2021. "Fiscal regimes and the exchange rate," BIS Working Papers 950, Bank for International Settlements.

    Cited by:

    1. Cavallino, Paolo & Sandri, Damiano, 2023. "The open-economy ELB: Contractionary monetary easing and the trilemma," Journal of International Economics, Elsevier, vol. 140(C).
    2. André Marine Charlotte & Medina Espidio Sebastián, 2022. "Optimal Robust Monetary Policy in a Small Open Economy," Working Papers 2022-17, Banco de México.
    3. Jens Klose, 2022. "European Exchange Rate Adjustments in Response to COVID-19, Containment Measures and Stabilization Policies," MAGKS Papers on Economics 202220, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    4. Christopher Adam & Enrique Alberola-Ila & Albert Pierres Tejada, 2022. "Covid-19 and the monetary-fiscal policy nexus in Africa," BIS Papers, Bank for International Settlements, number 121.
    5. Biagio Bossone, 2021. "Global Capital, the Exchange Rate, and Policy (In)Effectiveness," Working Papers PKWP2113, Post Keynesian Economics Society (PKES).

  3. Enrique Alberola-Ila & Carlos Urrutia, 2019. "Does informality facilitate inflation stability?," BIS Working Papers 778, Bank for International Settlements.

    Cited by:

    1. Julián Caballero & Michael Chui & Emanuel Kohlscheen & Christian Upper, 2023. "Inflation and labour markets," BIS Papers chapters, in: Bank for International Settlements (ed.), Inflation and labour markets, volume 127, pages 1-19, Bank for International Settlements.
    2. KOUAKOU, Dorgyles C.M. & YEO, Kolotioloma I.H., 2023. "Can innovation reduce the size of the informal economy? Econometric evidence from 138 countries," MPRA Paper 119264, University Library of Munich, Germany.
    3. Thibault Lemaire, 2020. "Fiscal Consolidations and Informality in Latin America and the Caribbean," Working papers 764, Banque de France.
    4. Shi, Tao & Li, Chongyang & Wanyan, Hong & Xu, Ying & Zhang, Wei, 2022. "The lending risk predicting of the folk informal financial organization from big data using the deep learning hybrid model," Finance Research Letters, Elsevier, vol. 50(C).
    5. Owolabi, Adegboyega O. & Berdiev, Aziz N. & Saunoris, James W., 2022. "Is the shadow economy procyclical or countercyclical over the business cycle? International evidence," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 257-270.
    6. Nahid Sultana & Mohammad Mafizur Rahman & Rasheda Khanam, 2022. "Informal Sector Employment and Economic Growth: Evidence from Developing Countries in SDG Perspective," Sustainability, MDPI, vol. 14(19), pages 1-19, September.
    7. Langot, François & Merola, Rossana & Oh, Samil, 2022. "Can taxes help ensure a fair globalization?," International Economics, Elsevier, vol. 171(C), pages 191-213.
    8. André Marine Charlotte & Medina Espidio Sebastián, 2022. "Optimal Robust Monetary Policy in a Small Open Economy," Working Papers 2022-17, Banco de México.
    9. Gomez Ospina, Monica A., 2023. "Optimal monetary policy in developing countries: The role of informality," Journal of Economic Dynamics and Control, Elsevier, vol. 155(C).
    10. Eun Young Oh & Shuonan Zhang, 2020. "Informal economy and central bank digital currency," Working Papers in Economics & Finance 2020-11, University of Portsmouth, Portsmouth Business School, Economics and Finance Subject Group, revised 23 Jun 2022.
    11. Ghosh, Saurabh & Mazumder, Debojyoti, 2023. "Do NBFCs propagate real shocks?," Journal of Asian Economics, Elsevier, vol. 85(C).
    12. Central Reserve Bank of Peru, 2023. "eru: labour market, wages and monetary policy in the aftermath of Covid-19," BIS Papers chapters, in: Bank for International Settlements (ed.), Inflation and labour markets, volume 127, pages 221-236, Bank for International Settlements.
    13. De La Peña, Rogelio & García, Ignacio, 2023. "Untangling crises: GFC and COVID-19 through the lens of a DSGE model," Latin American Journal of Central Banking (previously Monetaria), Elsevier, vol. 4(2).
    14. Ruy Lama & Gustavo Leyva & Carlos Urrutia, 2022. "Labor Market Policies and Business Cycles in Emerging Economies," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(2), pages 300-337, June.
    15. Rivera Moreno, Pablo Nebbi & Triana Montaño, Karol Lorena, 2022. "Central Bank Digital Currency in a Developing Economy: A Dynamic Stochastic General Equilibrium Analysis," Dynare Working Papers 74, CEPREMAP.

  4. Enrique Alberola-Ila & Ángel Estrada & Francesca Viani, 2018. "Global imbalances from a stock perspective. The asymmetry between creditors and debtors," BIS Working Papers 707, Bank for International Settlements.

    Cited by:

    1. Mariana Colacelli & Deepali Gautam & Cyril Rebillard, 2021. "Japan’s Foreign Assets and Liabilities: Implications for the External Accounts," IMF Working Papers 2021/026, International Monetary Fund.
    2. Joseph P. Joyce, 2021. "The sources of international investment income in emerging market economies," Review of International Economics, Wiley Blackwell, vol. 29(3), pages 606-625, August.
    3. Mr. Alberto Behar & Ramin Hassan, 2022. "The Current Account Income Balance: External Adjustment Channel or Vulnerability Amplifier?," IMF Working Papers 2022/106, International Monetary Fund.
    4. Ondřej Šíma, 2021. "The effect of the international movement of the factor of production (capital and labor) on the balance of primary incomes [Vliv mezinárodního pohybu výrobního faktoru kapitálu a práce na bilanci p," Český finanční a účetní časopis, Prague University of Economics and Business, vol. 2021(2), pages 27-45.
    5. Hansen, Erwin & Wagner, Rodrigo, 2022. "The reinvestment by multinationals as a capital flow: Crises, imbalances, and the cash-based current account," Journal of International Money and Finance, Elsevier, vol. 124(C).
    6. Valerio Della Corte & Stefano Federico & Enrico Tosti, 2018. "Unwinding external stock imbalances? The case of Italy�s net international investment position," Questioni di Economia e Finanza (Occasional Papers) 446, Bank of Italy, Economic Research and International Relations Area.
    7. Antoine Berthou & Matthieu Bussière & Laurent Ferrara & Sophie Haincourt & Francesco Pappadà & Julia Schmidt, 2018. "Global imbalances: build-up, unwinding and financial aspects [Les déséquilibres mondiaux persistent malgré le rééquilibrage d’après-crise : focus sur leur financement]," Bulletin de la Banque de France, Banque de France, issue 220.
    8. Kawamoto,Atsushi & Muraki,Kei, 2020. "Tax Competition : Is It a Source of the Corporate Savings Glut?," Policy Research Working Paper Series 9302, The World Bank.
    9. Dausà, Neus & Stracca, Livio, 2023. "The asymmetric adjustment of global imbalances: myth or fact?," Working Paper Series 2777, European Central Bank.
    10. Duncan van Limbergen, 2020. "Revisiting the income balance. What makes EU tax havens different?," IFC Bulletins chapters, in: Bank for International Settlements (ed.), Bridging measurement challenges and analytical needs of external statistics: evolution or revolution?, volume 52, Bank for International Settlements.
    11. Joyce, Joseph, 2021. "The International Distribution of FDI Income And Its Impact on Income Inequality," MPRA Paper 106448, University Library of Munich, Germany.

  5. Enrique Alberola-Ila & Gianluca Benigno, 2017. "Revisiting the commodity curse: a financial perspective," BIS Working Papers 609, Bank for International Settlements.

    Cited by:

    1. Beck, Thorsten & Poelhekke, Steven, 2023. "Follow the money: Does the financial sector intermediate natural resource windfalls?," Journal of International Money and Finance, Elsevier, vol. 130(C).
    2. Enrique Alberola-Ila & Rocío Gondo & Marco Jacopo Lombardi & Diego Urbina, 2016. "Output gaps and policy stabilisation in Latin America: the effect of commodity and capital flow cycles," BIS Working Papers 568, Bank for International Settlements.
    3. Roberto Iacono, 2018. "The Dutch disease revisited: absorption constraint and learning by doing," Portuguese Economic Journal, Springer;Instituto Superior de Economia e Gestao, vol. 17(1), pages 61-85, March.
    4. Chen, Yufeng & Khurshid, Adnan & Rauf, Abdur & Yang, Hanyao & Calin, Adrian Cantemir, 2023. "Natural resource endowment and human development: Contemporary role of governance," Resources Policy, Elsevier, vol. 81(C).
    5. Felipe Saffie & Liliana Varela & Kei-Mu Yi, 2021. "The Micro and Macro Dynamics of Capital Flows," Discussion Papers 2121, Centre for Macroeconomics (CFM).
    6. Lee, Dongwon, 2023. "Commodity terms of trade volatility and industry growth," European Economic Review, Elsevier, vol. 156(C).
    7. M. Tiunova G. & М. Тиунова Г., 2018. "Влияние Внешних Шоков На Российскую Экономику // The Impact Of External Shocks On The Russian Economy," Финансы: теория и практика/Finance: Theory and Practice // Finance: Theory and Practice, ФГОБУВО Финансовый университет при Правительстве Российской Федерации // Financial University under The Government of Russian Federation, vol. 22(4), pages 146-170.
    8. Osmel Manzano & Jose Luis Saboin, 2021. "Reverse Causality between Oil Policy and Fiscal Policy? The Venezuelan Experience," Energies, MDPI, vol. 14(9), pages 1-20, April.
    9. Kai Chen & Dongwon Lee, 2023. "Commodity currency reactions and the Dutch disease: the role of capital controls," Empirical Economics, Springer, vol. 65(5), pages 2065-2089, November.
    10. Schmöller, Michaela, 2019. "Stagnant Wages, Sectoral Misallocation and Slowing Productivity Growth," VfS Annual Conference 2019 (Leipzig): 30 Years after the Fall of the Berlin Wall - Democracy and Market Economy 203598, Verein für Socialpolitik / German Economic Association.
    11. Zhu, Yongguang & Xu, Deyi & Cheng, Jinhua & Ali, Saleem Hassan, 2018. "Estimating the impact of China's export policy on tin prices: a mode decomposition counterfactual analysis method," Resources Policy, Elsevier, vol. 59(C), pages 250-264.
    12. Schmöller, Michaela, 2019. "Stagnant wages, sectoral misallocation and slowing productivity growth," Bank of Finland Research Discussion Papers 8/2019, Bank of Finland.
    13. Jean-Pierre Allegret & Mohamed Tahar Benkhodja & Tovonony Razafindrabe, 2018. "Monetary Policy, Oil Stabilization Fund and the Dutch Disease," GREDEG Working Papers 2018-06, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France.
    14. Felipe Benguria & Felipe Saffie & Sergio Urzúa, 2018. "The Transmission of Commodity Price Super-Cycles," NBER Working Papers 24560, National Bureau of Economic Research, Inc.
    15. Damian Romero, 2022. "Domestic Linkages and the Transmission of Commodity Price Shocks," Working Papers Central Bank of Chile 936, Central Bank of Chile.
    16. Akihiko Ikeda, 2020. "Learning-by-doing and business cycles in emerging economies," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 156(3), pages 611-631, August.

  6. Enrique Alberola & Ángel Estrada & Francesca Viani, 2017. "Global imbalances from a stock perspective," Working Papers 1742, Banco de España.

    Cited by:

    1. Gustavo Adler & Mr. Daniel Garcia-Macia, 2018. "The Stabilizing Role of Net Foreign Asset Returns," IMF Working Papers 2018/079, International Monetary Fund.
    2. Joseph P. Joyce, 2021. "The sources of international investment income in emerging market economies," Review of International Economics, Wiley Blackwell, vol. 29(3), pages 606-625, August.
    3. Enrique Alberola-Ila & Ángel Estrada & Francesca Viani, 2018. "Global imbalances from a stock perspective. The asymmetry between creditors and debtors," BIS Working Papers 707, Bank for International Settlements.
    4. Antoine Berthou & Matthieu Bussière & Laurent Ferrara & Sophie Haincourt & Francesco Pappadà & Julia Schmidt, 2018. "Global imbalances: build-up, unwinding and financial aspects [Les déséquilibres mondiaux persistent malgré le rééquilibrage d’après-crise : focus sur leur financement]," Bulletin de la Banque de France, Banque de France, issue 220.

  7. Enrique Alberola-Ila & Ricardo Sousa, 2017. "Assessing fiscal policy through the lens of the financial and the commodity price cycles," BIS Working Papers 638, Bank for International Settlements.

    Cited by:

    1. Alberto Botta & Gabriel Porcile & Danilo Spinola & Giuliano Toshiro Yajima, 2022. "Financial integration, productive development and fiscal policy space in developing countries," Working Papers PKWP2228, Post Keynesian Economics Society (PKES).
    2. Siklos, Pierre L., 2021. "The macroeconomic response to real and financial factors, commodity prices, and monetary policy: International evidence," Economic Systems, Elsevier, vol. 45(1).
    3. Alberto Botta & Danilo Spinola & Giuliano Toshiro Yajima & Gabriel Porcile, 2024. "Pasinetti, debt sustainability and (green) structural change at the time of global finance: An emerging and developing countries’ perspective," Working Papers PKWP2401, Post Keynesian Economics Society (PKES).
    4. Tobignaré Yabré & Gervasio Semedo, 2021. "Political stability and fiscal consolidation in sub‐Saharan African countries," The World Economy, Wiley Blackwell, vol. 44(4), pages 1077-1109, April.
    5. Agnello, Luca & Castro, Vítor & Hammoudeh, Shawkat & Sousa, Ricardo M., 2020. "Global factors, uncertainty, weather conditions and energy prices: On the drivers of the duration of commodity price cycle phases," Energy Economics, Elsevier, vol. 90(C).

  8. Enrique Alberola & Iván Kataryniuk & Ángel Melguizo & René Orozco, 2016. "Fiscal policy and the cycle in Latin America: the role of financing conditions and fiscal rules," Working Papers 1604, Banco de España.

    Cited by:

    1. Serhan Cevik & Vibha Nanda, 2020. "Riding the storm: fiscal sustainability in the Caribbean," International Review of Applied Economics, Taylor & Francis Journals, vol. 34(3), pages 384-399, May.
    2. Enrique Alberola-Ila & Ricardo Sousa, 2017. "Assessing fiscal policy through the lens of the financial and the commodity price cycles," BIS Working Papers 638, Bank for International Settlements.
    3. Martin Ardanaz & Ana Corbacho & Alberto Gonzales & Nuria Tolsa, 2016. "Evaluating Fiscal Performance in Latin America and the Caribbean: Structural Balance Estimates from an Original Dataset," Hacienda Pública Española / Review of Public Economics, IEF, vol. 219(4), pages 67-92, December.
    4. Guido Zacka & Daniel Sotelsekb, 2018. "A generic fiscal rule: Proposal and design," Contaduría y Administración, Accounting and Management, vol. 63(2), pages 9-10, Junio.
    5. Alberto Botta & Gabriel Porcile & Danilo Spinola & Giuliano Toshiro Yajima, 2022. "Financial integration, productive development and fiscal policy space in developing countries," Working Papers PKWP2228, Post Keynesian Economics Society (PKES).
    6. Enrique Alberola-Ila & Yavuz Arslan & Gong Cheng & Richhild Moessner, 2020. "The fiscal response to the Covid-19 crisis in advanced and emerging market economies," BIS Bulletins 23, Bank for International Settlements.
    7. Claudio Borio & Marco Jacopo Lombardi & Fabrizio Zampolli, 2016. "Fiscal sustainability and the financial cycle," BIS Working Papers 552, Bank for International Settlements.
    8. João T. Jalles, 2022. "Do credit rating agencies reward fiscal prudence?," International Finance, Wiley Blackwell, vol. 25(1), pages 2-22, April.
    9. Juan Pablo Jiménez & Leonardo Letelier & Ignacio Ruelas & Jaime Bonet-Morón, 2021. "Reglas fiscales subnacionales: Revisión empírica, experiencias internacionales y sus desafíos en la nueva institucionalidad fiscal post COVID," Documentos de Trabajo Sobre Economía Regional y Urbana 19502, Banco de la República, Economía Regional.
    10. Enrique Alberola-Ila & Rocío Gondo & Marco Jacopo Lombardi & Diego Urbina, 2016. "Output gaps and policy stabilisation in Latin America: the effect of commodity and capital flow cycles," BIS Working Papers 568, Bank for International Settlements.
    11. Jung, Juan & Melguizo, Angel, 2020. "Rules, institutions, or both? Estimating the drivers of telecommunication investment in Latin America," MPRA Paper 105165, University Library of Munich, Germany.
    12. Jean-Marc Fournier & Manuel Bétin, 2018. "Sovereign defaults: Evidence on the importance of government effectiveness," OECD Economics Department Working Papers 1494, OECD Publishing.
    13. Carolina Ulloa-Suárez, 2022. "Determinants of compliance with fiscal rules: misplaced efforts or hidden motivations?," AMSE Working Papers 2220, Aix-Marseille School of Economics, France.
    14. Guido Zacka & Daniel Sotelsekb, 2018. "Propuesta y diseño de una regla fiscal genérica," Contaduría y Administración, Accounting and Management, vol. 63(2), pages 7-8, Junio.
    15. Carrillo-Maldonado, Paul & Díaz-Cassou, Javier, 2023. "An anatomy of external shocks in the Andean region," The Journal of Economic Asymmetries, Elsevier, vol. 27(C).
    16. Sangita Misra & Rajiv Ranjan, 2018. "Fiscal rules and procyclicality: an empirical analysis," Indian Economic Review, Springer, vol. 53(1), pages 207-228, December.
    17. Antoine Levy & Mr. Luca A Ricci & Alejandro M. Werner, 2020. "The Sources of Fiscal Fluctuations," IMF Working Papers 2020/220, International Monetary Fund.
    18. Bresser-Pereira, Luiz Carlos & Feijó, Carmem & Araújo, Eliane Cristina de, 2021. "Do liberal policy regimes condemn Latin America to quasi-stagnation?," Textos para discussão 541, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    19. Ignacio Lozano-Espitia & Fernando Arias-Rodríguez, Jesus Bejarano & Andres Gonzalez, Clark Granger-Castaño & Franz Hamann, Yurany Hernández-Turca & Juan Manuel Julio-Román, Martha López & Juan C. Mend, 2019. "La política fiscal y la estabilización macroeconómica en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, issue 90, pages 1-60, April.
    20. Ivan Todorov & Kalina Durova, 2020. "The Fiscal Policy of Bulgaria from the Standpoints of the Business Cycle and the Twin Deficits Hypothesis," Journal of Tax Reform, Graduate School of Economics and Management, Ural Federal University, vol. 6(3), pages 256-269.
    21. Gonzáles Zuazo, Rodrigo & Molina Fernández, José Miguel, 2017. "On Graduation from Fiscal Procyclicality: The case of Bolivia," Revista Latinoamericana de Desarrollo Economico, Carrera de Economía de la Universidad Católica Boliviana (UCB) "San Pablo", issue 27, pages 39-56, May.
    22. Mar Delgado-Téllez & Esther Gordo & Iván Kataryniuk & Javier J. Pérez, 2022. "The decline in public investment: ``social dominance’’ or too-rigid fiscal rules?," Applied Economics, Taylor & Francis Journals, vol. 54(10), pages 1123-1136, February.
    23. Enrique Alberola & Yavuz Arslan & Gong Cheng & Richhild Moessner, 2021. "Fiscal response to the COVID‐19 crisis in advanced and emerging market economies†," Pacific Economic Review, Wiley Blackwell, vol. 26(4), pages 459-468, October.
    24. Ulloa-Suárez, Carolina, 2023. "Determinants of compliance with fiscal rules: Misplaced efforts or hidden motivations?," European Journal of Political Economy, Elsevier, vol. 78(C).
    25. Klaus Schmidt-Hebbel, 2019. "Macroeconomic Institutions: Lessons from World Experience for MENA Countries," Working Papers 1311, Economic Research Forum, revised 21 Aug 2019.
    26. Enrique Alberola & Rocio Gondo & Marco Lombardi & Diego Urbina, 2017. "Output gaps and stabilisation policies in Latin America: The effect of commodity and capital flow cycles," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 35(82), pages 40-52, April.
    27. Carolina Ulloa-Suárez, 2022. "Determinants of compliance with fiscal rules: misplaced efforts or hidden motivations?," Working Papers hal-03788589, HAL.
    28. Enrique Alberola & Carlos Cantú & Paolo Cavallino & Nikola Mirkov, 2022. "Fiscal regimes and the exchange rate," Working Papers 2022-01, Swiss National Bank.
    29. Raúl-Alberto Chamorro-Narváez & Andrés-Camilo Santos-Ospina & Andrés-Felipe Urrea-Bermúdez, 2020. "Política fiscal subnacional y ciclos económicos regionales: análisis para el caso de los departamentos en Colombia, 2000-2016," Ensayos de Economía 19136, Universidad Nacional de Colombia Sede Medellín.
    30. Jalles, João Tovar, 2021. "Dynamics of government spending cyclicality," Economic Modelling, Elsevier, vol. 97(C), pages 411-427.

  9. Luis Molina & Esther López & Enrique Alberola, 2016. "An index of external positioning for the Spanish economy," Occasional Papers 1602, Banco de España.

    Cited by:

    1. Irma Alonso & Luis Molina, 2019. "The SHERLOC: an EWS-based index of vulnerability for emerging economies," Working Papers 1946, Banco de España.

  10. Enrique Alberola-Ila & Rocío Gondo & Marco Jacopo Lombardi & Diego Urbina, 2016. "Output gaps and policy stabilisation in Latin America: the effect of commodity and capital flow cycles," BIS Working Papers 568, Bank for International Settlements.

    Cited by:

    1. Grintzalis, Ioannis & Lodge, David & Manu, Ana-Simona, 2017. "The implications of global and domestic credit cycles for emerging market economies: measures of finance-adjusted output gaps," Working Paper Series 2034, European Central Bank.
    2. Cobus Vermeulen, 2023. "The inherent uncertainties in output gap estimation a South African perspective," Working Papers 11051, South African Reserve Bank.
    3. Byron Botha & Eric Schaling, 2020. "Commodity Prices and Policy Stabilisation in South Africa," Working Papers 10225, South African Reserve Bank.
    4. Irifaar SOMÉ & Windkouni Haoua Eugenie MAIGA, 2021. "Effets des prix relatifs des échanges sur la croissance économique en Afrique subsaharienne," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 54, pages 161-175.
    5. Kátay Gábor & Kerdelhué Lisa & Lequien Matthieu, 2020. "Semi-Structural VAR and Unobserved Components Models to Estimate Finance-Neutral Output Gap," Working papers 791, Banque de France.
    6. Deba Prasad Rath & Pratik Mitra & Joice John, 2017. "A Measure of Finance-Neutral Output Gap for India," Working Papers id:11986, eSocialSciences.
    7. Mr. Yan Carriere-Swallow & Mr. Luis Ignacio Jácome & Mr. Nicolas E Magud & Alejandro M. Werner, 2016. "Central Banking in Latin America: The Way Forward," IMF Working Papers 2016/197, International Monetary Fund.

  11. Enrique Alberola & Aitor Erce & José Maria Serena, 2014. "International Reserves and Gross Capital Flows Dynamics," Documentos de Discusión FLAR 11048, Fondo Latino Americano de Reservas - FLAR.

    Cited by:

    1. Wang, Lirong & Zhou, Jinnan & Hueng, C. James, 2022. "Dynamics of gross capital flows and financial stress in China," Finance Research Letters, Elsevier, vol. 44(C).
    2. Mr. Olivier J Blanchard & Gustavo Adler & Mr. Irineu E de Carvalho Filho, 2015. "Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?," IMF Working Papers 2015/159, International Monetary Fund.
    3. Fatum, Rasmus & Yetman, James, 2020. "Accumulation of foreign currency reserves and risk-taking," Journal of International Money and Finance, Elsevier, vol. 102(C).
    4. Scheubel, Beatrice & Stracca, Livio, 2019. "What do we know about the global financial safety net? A new comprehensive data set," Journal of International Money and Finance, Elsevier, vol. 99(C).
    5. Javid Suleymanli, 2022. "Differences in the Determinants of National Reserves across G7 and Rising Power Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 431-443, March.
    6. Renliang Liu & Thanasis Stengos, 2023. "What Drives Illicit Financial Flows? An Empirical Study of Trade Data Discrepancies," Open Economies Review, Springer, vol. 34(2), pages 371-409, April.
    7. Ibrahim D. Raheem & Sara le Roux & Simplice A. Asongu, 2019. "The Role of Asymmetry and Uncertainties in the Capital Flows- Economic Growth Nexus," Working Papers of the African Governance and Development Institute. 19/047, African Governance and Development Institute..
    8. Cheng, Gong, 2014. "Balance sheet effects, foreign reserves and public policies," MPRA Paper 59905, University Library of Munich, Germany, revised 14 Nov 2014.
    9. Cristian Camilo Porras-Alarcón, 2020. "Una aproximación a los determinantes de acumulación de reservas internacionales en economías emergentes," Borradores de Economia 1126, Banco de la Republica de Colombia.
    10. Ricardo J. Caballero & Alp Simsek, 2016. "A Model of Fickle Capital Flows and Retrenchment," NBER Working Papers 22751, National Bureau of Economic Research, Inc.
    11. Mauricio Villamizar-Villegas & Lucía Arango-Lozano & Geraldine Castelblanco & Nicolás Fajardo-Baquero & Maria A. Ruiz-Sanchez, 2022. "The effects of Monetary Policy on Capital Flows A Meta-Analysis," Borradores de Economia 1204, Banco de la Republica de Colombia.
    12. Jean‐Pierre Allegret & Audrey Allegret, 2019. "Did foreign exchange holding influence growth performance during the global financial crisis?," The World Economy, Wiley Blackwell, vol. 42(3), pages 680-710, March.
    13. McQuade, Peter & Schmitz, Martin, 2017. "The great moderation in international capital flows: A global phenomenon?," Journal of International Money and Finance, Elsevier, vol. 73(PA), pages 188-212.
    14. Broos, Menno & Ghalanos, Michalis & Kennedy, Bernard & Landbeck, Alexander & Lerner, Christina & Menezes, Paula & Schiavone, Alessandro & Tilley, Thomas & Viani, Francesca & Reinhardt, Dennis & Metzem, 2016. "Dealing with large and volatile capital flows and the role of the IMF," Occasional Paper Series 180, European Central Bank.
    15. Wang, Xichen & Yan, Ji (Karena) & Yan, Cheng & Gozgor, Giray, 2021. "Emerging stock market exuberance and international short-term flows," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 75(C).
    16. Vo, Xuan Vinh & Nguyen, Dong Phong & Ho, Viet Tien & Nguyen, Trung Thong, 2017. "Where do the advanced countries invest? An investigation of capital flows from advanced countries to emerging economies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 51(C), pages 142-154.
    17. Xichen Wang & Cheng Yan, 2022. "Does the Relative Importance of the Push and Pull Factors of Foreign Capital Flows Vary Across Quantiles?," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 70(2), pages 252-299, June.
    18. Hasdi Aimon & Rika Utami Restihani & Anggi Putri Kurniadi*, 2019. "The Interaction of Macroeconomic Variables on Capital Inflow in Emerging Market Countries in ASEAN: Panel Error Correction Model Approach," The Journal of Social Sciences Research, Academic Research Publishing Group, vol. 5(9), pages 1357-1364, 09-2019.
    19. Aydın, Suat & Tunç, Cengiz, 2023. "What is the most prominent reserve indicator that forewarns currency crises?," Economics Letters, Elsevier, vol. 231(C).
    20. Chokri Abdelmajid Zehri, 2020. "Capital Restrictions Policies, Currency Appreciation and Foreign Debts," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 16(3), pages 149-159.
    21. Andrzej Wojtyna, 2017. "Nowa faza dyskusji o kontroli międzynarodowych przepływów kapitału," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 6, pages 5-29.
    22. Luis Cabezas & José De Gregorio, 2018. "Accumulation of Reserves in Emerging and Developing Countries: Mercantilism vs. Insurance," Working Papers wp467, University of Chile, Department of Economics.
    23. Michael F. Bleaney & Mo Tian & Lin Yin, 2017. "De Facto Exchange Rate Regime Classifications: An Evaluation," Open Economies Review, Springer, vol. 28(2), pages 369-382, April.
    24. Audrey Sallenave & Jean-Pierre Allegret & Tolga Omay, 2024. "Can governments sleep more soundly when holding international reserves? A banking and financial vulnerabilities perspective," Post-Print hal-03945433, HAL.
    25. Woon Gyu Choi & Byongju Lee & Taesu Kang & Geun-Young Kim, 2016. "Divergent EME Responses to Global and Domestic Monetary Policy Shocks," Working Papers 2016-15, Economic Research Institute, Bank of Korea.
    26. Chokri Zehri, 2022. "Interaction Effect of Capital Controls and Macroeconomic Policies," Economic Papers, The Economic Society of Australia, vol. 41(1), pages 15-33, March.
    27. Scheubel, Beatrice & Stracca, Livio & Tille, Cédric, 2019. "Taming the global financial cycle: What role for the global financial safety net?," Journal of International Money and Finance, Elsevier, vol. 94(C), pages 160-182.
    28. Chokri Zehri, 2020. "Policies for managing sudden stops," Zbornik radova Ekonomskog fakulteta u Rijeci/Proceedings of Rijeka Faculty of Economics, University of Rijeka, Faculty of Economics and Business, vol. 38(1), pages 9-33.
    29. Boonman, Tjeerd, 2023. "Have drivers of portfolio capital flows changed since the Global Financial Crisis?," MPRA Paper 116507, University Library of Munich, Germany.
    30. Osina, Nataliia, 2019. "Global liquidity, market sentiment, and financial stability indices," Journal of Multinational Financial Management, Elsevier, vol. 52.
    31. Bush Georgia & Cañón Salazar Carlos Iván & Gray Daniel, 2021. "Emerging market capital flows the role of fund manager portfolio allocation," Working Papers 2021-13, Banco de México.
    32. Luis Cabezas & José Gregorio, 2019. "Accumulation of reserves in emerging and developing countries: mercantilism versus insurance," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 155(4), pages 819-857, November.
    33. Seung-Gwan Baek & Chi-Young Song, 2019. "What Drives Stops in Cross-Border Bond Flows?," Sustainability, MDPI, vol. 11(14), pages 1-21, July.
    34. Wahyoe Soedarmono & Iman Gunadi & Fiskara Indawan & Carla Sheila Wulandari, 2022. "The Dynamics Of Foreign Capital Flows In Indonesia: Sources And Implications On Bond Market And Bank Stability," Working Papers WP/03/2022, Bank Indonesia.
    35. Boonman, Tjeerd M., 2023. "Portfolio capital flows before and after the Global Financial Crisis," Economic Modelling, Elsevier, vol. 127(C).
    36. Stracca, Livio & Scheubel, Beatrice, 2016. "What do we know about the global financial safety net? Rationale, data and possible evolution," Occasional Paper Series 177, European Central Bank.
    37. Yu Ma & Xinqian Du, 2022. "Exchange rate factors, income levels, and investment abroad: An empirical study based on a sample of emerging economies," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 27(2), pages 1711-1730, April.
    38. Farias, Eliene de Sá & Mattos, Leonardo Bornacki de & Vieira, Fabrício de Assis Campos, 2022. "Commodity prices and capital movement phenomena in emerging economies," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    39. Nataliia Osina, 2021. "Global governance and gross capital flows dynamics," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 157(3), pages 463-493, August.
    40. Wilfredo L. Maldonado & Jorge Guillén & Jussara Ribeiro, 2021. "An international reserves variation threshold to increase loan funding," International Economics and Economic Policy, Springer, vol. 18(2), pages 247-265, May.

  12. Enrique Alberola & Ángel Estrada & Daniel Santabárbara, 2013. "Growth beyond imbalances. Sustainable growth rates and output gap reassessment," Working Papers 1313, Banco de España.

    Cited by:

    1. Martin Bruns & Mr. Tigran Poghosyan, 2016. "Leading Indicators of Fiscal Distress: Evidence from the Extreme Bound Analysis," IMF Working Papers 2016/028, International Monetary Fund.
    2. Joseph Atta-Mensah & Sawuya Nakijoba, 2019. "Estimating the Potential Output and Output Gap of Ghana," Applied Economics and Finance, Redfame publishing, vol. 6(3), pages 58-70, May.
    3. Łukasz Rawdanowicz & Romain Bouis & Kei-Ichiro Inaba & Ane Kathrine Christensen, 2014. "Secular Stagnation: Evidence and Implications for Economic Policy," OECD Economics Department Working Papers 1169, OECD Publishing.
    4. Enrique Alberola & Ángel Estrada & Daniel Santabárbara, 2014. "Growth and imbalances in Spain: a reassessment of the output gap," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 5(2), pages 333-356, August.
    5. Juan Carlos Berganza & Pedro del Río & Fructuoso Borrallo, 2016. "Determinants and implications of low global inflation rates," Occasional Papers 1608, Banco de España.
    6. M. Albert & C. Jude & C. Rebillard, 2015. "The Long Landing Scenario: Rebalancing from Overinvestment and Excessive Credit Growth. Implications for Potential Growth in China," Working papers 572, Banque de France.
    7. Ali Alichi, 2015. "A New Methodology for Estimating the Output Gap in the United States," IMF Working Papers 2015/144, International Monetary Fund.
    8. Ali Alichi & Olivier Bizimana & Silvia Domit & Emilio Fernández Corugedo & Mr. Douglas Laxton & Kadir Tanyeri & Hou Wang & Fan Zhang, 2015. "Multivariate Filter Estimation of Potential Output for the Euro Area and the United States," IMF Working Papers 2015/253, International Monetary Fund.
    9. Lodge, David & Soudan, Michel, 2019. "Credit, financial conditions and the business cycle in China," Working Paper Series 2244, European Central Bank.
    10. Schleer, Frauke & Kappler, Marcus, 2014. "The Phillips Curve: (In)stability, the role of credit, and implications for potential output measurement," ZEW Discussion Papers 14-067, ZEW - Leibniz Centre for European Economic Research.
    11. Carlos Cuerpo & Ángel Cuevas & Enrique M. Quilis, 2018. "Estimating output gap: a beauty contest approach," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 9(3), pages 275-304, August.
    12. Laura Komlóssy & Gyöngyi Vargáné Körmendi, 2019. "China in Search of Equilibrium – Transition Dilemmas of Growth and Stability," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 18(3), pages 114-134.

  13. Enrique Alberola & Aitor Erce & José María Serena, 2012. "International reserves and gross capital flows. Dynamics during financial stress," Working Papers 1211, Banco de España.

    Cited by:

    1. Gustavo Adler & Marie-Louise Djigbenou & Mr. Sebastian Sosa, 2014. "Global Financial Shocks and Foreign Asset Repatriation: Do Local Investors Play a Stabilizing Role?," IMF Working Papers 2014/060, International Monetary Fund.
    2. Mr. Olivier J Blanchard & Gustavo Adler & Mr. Irineu E de Carvalho Filho, 2015. "Can Foreign Exchange Intervention Stem Exchange Rate Pressures from Global Capital Flow Shocks?," IMF Working Papers 2015/159, International Monetary Fund.
    3. Tavella, Pilar & Pedemonte, Mathieu & Powell, Andrew & Cavallo, Eduardo A., 2013. "A New Taxonomy of Sudden Stops: Which Sudden Stops Should Countries Be Most Concerned About?," IDB Publications (Working Papers) 4606, Inter-American Development Bank.
    4. Banerjee, Ryan & Devereux, Michael B. & Lombardo, Giovanni, 2016. "Self-oriented monetary policy, global financial markets and excess volatility of international capital flows," Journal of International Money and Finance, Elsevier, vol. 68(C), pages 275-297.
    5. Hernandez-Vega, Marco, 2019. "Estimating Capital Flows To Emerging Market Economies With Heterogeneous Panels," Macroeconomic Dynamics, Cambridge University Press, vol. 23(5), pages 2068-2088, July.
    6. Mark A. Wynne, 2012. "Five Years of Research on Globalization and Monetary Policy: What Have We Learned?," Annual Report, Globalization and Monetary Policy Institute, Federal Reserve Bank of Dallas, pages 2-17.
    7. Alberola, Enrique & Erce, Aitor & Serena, José Maria, 2016. "International reserves and gross capital flows dynamics," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 151-171.
    8. Teresa Sastre & Francesca Viani, 2014. "Countries’ safety and competitiveness, and the estimation of current account misalignments," Working Papers 1401, Banco de España.
    9. Mónica Correa Lopez & Rafael Domenech, 2012. "The Internationalisation of Spanish Firms," Working Papers 1230, BBVA Bank, Economic Research Department.
    10. Mstislav Afanasyev & Nataliya Shash, 2019. "Russian Federation Cross-Border Investments and Bank Expansion," Public administration issues, Higher School of Economics, issue 6, pages 105-120.

  14. Enrique Alberola & Luis Molina & Pedro del Río, 2012. "Boom-bust cycles, imbalances and discipline in Europe," Working Papers 1220, Banco de España.

    Cited by:

    1. Broto, Carmen & Pérez-Quirós, Gabriel, 2015. "Disentangling contagion among sovereign CDS spreads during the European debt crisis," Journal of Empirical Finance, Elsevier, vol. 32(C), pages 165-179.

  15. Enrique Alberola & Carlos Trucharte & Juan Luis Vega, 2011. "Central banks and macroprudential policy. Some reflections from the Spanish experience," Occasional Papers 1105, Banco de España.

    Cited by:

    1. Kehinde Damilola Ilesanmi & Devi Datt Tewari, 2020. "Financial Stress Index and Economic Activity in South Africa: New Evidence," Economies, MDPI, vol. 8(4), pages 1-19, December.
    2. Office of Financial Research (ed.), 2013. "Office of Financial Research 2013 Annual Report," Reports, Office of Financial Research, US Department of the Treasury, number 13-2.

  16. Gabriel Enrique Alberola & José María Serena, 2009. "Sovereign external assets and the resilience of global imbalances," Working Papers 0834, Banco de España.

    Cited by:

    1. Pistor, Katharina, 2009. "Global network finance: Institutional innovation in the global financial market place," Journal of Comparative Economics, Elsevier, vol. 37(4), pages 552-567, December.
    2. Obstfeld, Maurice, 2009. "Lenders of Last Resort in a Globalized World," CEPR Discussion Papers 7355, C.E.P.R. Discussion Papers.
    3. Maurice Obstfeld, 2009. "2009 International Conference "Financial System and Monetary Policy Implementation," Keynote Speech, Lenders of Last Resort in a Globalized World," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 27(1), pages 35-52, November.
    4. Enrique Alberola & Aitor Erce & José María Serena, 2012. "International reserves and gross capital flows. Dynamics during financial stress," Working Papers 1211, Banco de España.

  17. Enrique Alberola & Daniel Navia, 2007. "Equilibrium exchange rates in the new EU members: external imbalances vs. real convergence," Working Papers 0708, Banco de España.

    Cited by:

    1. Zuzana Brixiov?? & Mthuli Ncube, 2014. "The Real Exchange Rate and Growth in Zimbabwe: Does the Currency Regime Matter?," William Davidson Institute Working Papers Series wp1081, William Davidson Institute at the University of Michigan.
    2. Alper, Ahmet Murat & Civcir, İrfan, 2012. "Can overvaluation prelude to crisis and harm growth in Turkey," Journal of Policy Modeling, Elsevier, vol. 34(1), pages 112-131.
    3. Joanna Beza-Bojanowska & Ronald MacDonald, 2009. "The Behavioural Zloty/Euro Equilibrium Exchange Rate," CESifo Working Paper Series 2568, CESifo.
    4. Blaise Gnimassoun, 2012. "Taux de change et mésalignements du franc CFA avant et après l’introduction de l’euro," Working Papers hal-04141139, HAL.
    5. Blaise Gnimassoun, 2012. "Taux de change et mésalignements du franc CFA avant et après l’introduction de l’euro," EconomiX Working Papers 2012-3, University of Paris Nanterre, EconomiX.
    6. Fakhri J. Hasanov & Noha Razek, 2023. "Oil and Non-Oil Determinants of Saudi Arabia’s International Competitiveness: Historical Analysis and Policy Simulations," Sustainability, MDPI, vol. 15(11), pages 1-39, June.
    7. Enrique Alberola & Daniel Navia, 2008. "Equilibrium Exchange Rates in New EU Members: External Imbalances versus Real Convergence," Review of Development Economics, Wiley Blackwell, vol. 12(3), pages 605-619, August.
    8. Przystupa, Jan, 2009. "Approaching a problem of the long-run real equilibrium exchange rate of Polish zloty while entering the ERM-2 and Euro zone," MPRA Paper 19549, University Library of Munich, Germany.
    9. Zuzana Brixiova & Mthuli Ncube, 2014. "Working Paper - 210 - The Real Exchange Rate and Growth in Zimbabwe Does the Currency Regime Matter," Working Paper Series 2146, African Development Bank.

  18. Enrique Alberola & José María Serena, 2007. "Global financial integration, monetary policy and reserve accumulation. Assessing the limits in emerging economies," Working Papers 0706, Banco de España.

    Cited by:

    1. Marvin Goodfriend, 2007. "Monetary Policy in East Asia: Common Concerns," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, vol. 25(S1), pages 207-232, December.
    2. Renzo Rossini & Zenon Quispe & Rocío Gondo, 2008. "Macroeconomic implications of capital inflows: Peru 1991–2007," BIS Papers chapters, in: Bank for International Settlements (ed.), Financial globalisation and emerging market capital flows, volume 44, pages 363-387, Bank for International Settlements.
    3. Paloma Acevedo & Enrique Alberola & Carmen Broto, 2007. "Local debt expansion... vulnerability reduction? An assessment for six crises-prone countries," Working Papers 0733, Banco de España.
    4. Agustín Maravall & Ana del Río, 2007. "Temporal aggregation, systematic sampling, and the Hodrick-Prescott filter," Working Papers 0728, Banco de España.
    5. Enrique Alberola & José María Serena, 2008. "Reserves, Sovereign Wealth Funds and the Resilience of Global Imbalances," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 37(3), pages 315-343, November.
    6. George Pantelopoulos, 2021. "Exogenous and endogenous sterilisation under managed exchange rates," Review of International Economics, Wiley Blackwell, vol. 29(4), pages 756-779, September.
    7. Isabel Argimón & Pablo Hernández de Cos, 2008. "The determinants of budget balances of the regional (Autonomous) governments," Working Papers 0803, Banco de España.
    8. Igor Ljubaj & Ana Martinis & Marko Mrkalj, 2010. "Capital Inflows and Efficiency of Sterilisation – Estimation of Sterilisation and Offset Coefficients," Working Papers 24, The Croatian National Bank, Croatia.
    9. Aitor Erce, 2008. "A structural model of sovereign debt issuance: assessing the role of financial factors," Working Papers 0809, Banco de España.
    10. Gabriel Enrique Alberola & José María Serena, 2009. "Sovereign external assets and the resilience of global imbalances," Working Papers 0834, Banco de España.

  19. Paloma Acevedo & Enrique Alberola & Carmen Broto, 2007. "Local debt expansion... vulnerability reduction? An assessment for six crises-prone countries," Working Papers 0733, Banco de España.

    Cited by:

    1. Isabel Argimón & Pablo Hernández de Cos, 2008. "The determinants of budget balances of the regional (Autonomous) governments," Working Papers 0803, Banco de España.
    2. Aitor Erce, 2008. "A structural model of sovereign debt issuance: assessing the role of financial factors," Working Papers 0809, Banco de España.
    3. Bank for International Settlements, 2007. "Financial stability and local currency bond markets," CGFS Papers, Bank for International Settlements, number 28, december.
    4. Daniel, L., 2008. "Foreign investors’ participation in emerging market economies’ domestic bond markets," Quarterly selection of articles - Bulletin de la Banque de France, Banque de France, issue 12, pages 61-77, Summer.

  20. Enrique Alberola & José M. Montero, 2006. "Debt sustainability and procyclical fical policies in Latin America," Working Papers 0611, Banco de España.

    Cited by:

    1. Ms. Juliana Dutra Araujo, 2009. "Fiscal Cycles in the Caribbean," IMF Working Papers 2009/158, International Monetary Fund.
    2. Saba Charles Shaaba, 2022. "Defence Spending and Economic Growth in South Africa: Evidence from Cointegration and Co-Feature Analysis," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 28(1), pages 51-100, February.
    3. Serhan Cevik & Vibha Nanda, 2020. "Riding the storm: fiscal sustainability in the Caribbean," International Review of Applied Economics, Taylor & Francis Journals, vol. 34(3), pages 384-399, May.
    4. Nizar, Muhammad Afdi, 2010. "Penentuan Efek Dan Arah Kebijakan Fiskal Pemerintah Indonesia: Fiscal Impulse Measure [Fiscal Policy Stance in Indonesia : Fiscal Impluse Measure]," MPRA Paper 65603, University Library of Munich, Germany.
    5. Ignacio Lozano & Jorge Toro, 2007. "Fiscal Policy Throughout the Cycle: The Colombian Experience," Borradores de Economia 2730, Banco de la Republica.
    6. Enrique Alberola-Ila & Ricardo Sousa, 2017. "Assessing fiscal policy through the lens of the financial and the commodity price cycles," BIS Working Papers 638, Bank for International Settlements.
    7. Ugo Panizza & Dany Jaimovich, 2007. "Procyclicality or Reverse Causality?," Research Department Publications 4508, Inter-American Development Bank, Research Department.
    8. Abbott, Andrew & Jones, Philip, 2012. "Budget deficits and social protection: Cyclical government expenditure in the OECD," Economics Letters, Elsevier, vol. 117(3), pages 909-911.
    9. Pablo Lopez Murphy & Mr. Mauricio Villafuerte & Mr. Rolando Ossowski, 2010. "Riding the Roller Coaster: Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean," IMF Working Papers 2010/251, International Monetary Fund.
    10. Sami Kallal & Imène Guetat, 2020. "Fiscal stance, election year and 2007 crisis, evidence from OECD countries (1980–2017)," Post-Print hal-04097392, HAL.
    11. Alberola, Enrique & Molina, Luis & Navia, Daniel, 2007. "Say you fix, enjoy and relax. The deleterious effect of peg announcements on fiscal discipline in emerging markets," Emerging Markets Review, Elsevier, vol. 8(4), pages 328-338, December.
    12. Jean-Marc Fournier & Manuel Bétin, 2018. "Sovereign defaults: Evidence on the importance of government effectiveness," OECD Economics Department Working Papers 1494, OECD Publishing.
    13. Gheorghița DINCĂ & Marius Sorin DINCĂ & Bardhyl DAUTI & Mirela Camelia BABA & Cătălina POPIONE, 2020. "Cyclicality of Fiscal Policy in the European Union," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 0(1), pages 75-96, March.
    14. Juan Carlos Berganza, 2012. "Fiscal rules in Latin America: a survey," Occasional Papers 1208, Banco de España.
    15. Ugo Panizza & Dany Jaimovich, 2007. "Prociclicalidad o Causalidad Reversa?," Research Department Publications 4509, Inter-American Development Bank, Research Department.
    16. Mauricio Villafuerte & Pablo López-Murphy & Rolando Ossowski, 2013. "Riding the Roller Coaster: Fiscal Policies of Nonrenewable Resource Exporters in Latin America and the Caribbean," Central Banking, Analysis, and Economic Policies Book Series, in: Luis Felipe Céspedes & Jordi Galí (ed.),Fiscal Policy and Macroeconomic Performance, edition 1, volume 17, chapter 5, pages 117-173, Central Bank of Chile.
    17. Fisayo Fagbemi, 2020. "Assessing the Role of Governance in West African Fiscal Performance," The American Economist, Sage Publications, vol. 65(1), pages 97-122, March.
    18. Enrique Alberola & Iván Kataryniuk & Ángel Melguizo & René Orozco, 2018. "Fiscal Policy and the Cycle in Latin America: the Role of Financing Conditions and Fiscal Rules," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 36(85), pages 101-116, November.
    19. Israa A. El Husseiny, 2018. "On the Cyclical Behavior of Fiscal Policy in Egypt," Contemporary Economics, University of Economics and Human Sciences in Warsaw., vol. 12(1), March.
    20. Sophia Gollwitzer & Eteri Kvintradze & Mr. Tej Prakash & Luis-Felipe Zanna & Ms. Era Dabla-Norris & Mr. Richard I Allen & Irene Yackovlev & Victor Duarte Lledo, 2010. "Budget Institutions and Fiscal Performance in Low-Income Countries," IMF Working Papers 2010/080, International Monetary Fund.
    21. Irene Yackovlev & Victor Duarte Lledo & Lucie Gadenne, 2009. "Cyclical Patterns of Government Expenditures in Sub-Saharan Africa: Facts and Factors," IMF Working Papers 2009/274, International Monetary Fund.
    22. Mr. Serhan Cevik & Ms. Katerina Teksoz, 2014. "Deep Roots of Fiscal Behavior," IMF Working Papers 2014/045, International Monetary Fund.
    23. Mr. Jeromin Zettelmeyer & Ivanna Vladkova Hollar, 2008. "Fiscal Positions in Latin America: Have They Really Improved?," IMF Working Papers 2008/137, International Monetary Fund.
    24. Israa A. El Husseiny, 2016. "Budgetary Institutions and Fiscal Performance in Egypt: Is There a Link?," Public Budgeting & Finance, Wiley Blackwell, vol. 36(1), pages 85-105, February.
    25. Mauricio Villafuerte & Pablo López-Murphy & Rolando Ossowski, 2011. "Riding the Roller Coaster: Fiscal Policies of Nonrenewable Resources Exporters in Latin America and the Caribbean ," Working Papers Central Bank of Chile 609, Central Bank of Chile.

  21. Enrique Alberola & Rodrigo César Salvado, 2006. "Banks, remittances and financial deepening in receiving countries. A model," Working Papers 0621, Banco de España.

    Cited by:

    1. Philip Vermeulen & Daniel Dias & Maarten Dossche & Erwan Gautier & Ignacio Hernando & Roberto Sabbatini & Harald Stahl, 2007. "Price setting in the euro area : some stylised facts from individual producer price data," Working Paper Research 111, National Bank of Belgium.
    2. Luis J. Álvarez & Ignacio Hernando, 2006. "Competition and price adjustment in the euro area," Working Papers 0629, Banco de España.
    3. Ricardo Gimeno & Juan M. Nave, 2006. "Genetic algorithm estimation of interest rate term structure," Working Papers 0634, Banco de España.
    4. Rios Avila, Fernando & Schlarb, Eva, 2008. "Bank accounts and savings - the impact of remittances and migration: a case study of Moldova," Kiel Advanced Studies Working Papers 448, Kiel Institute for the World Economy (IfW Kiel).
    5. Kujal Praveen & Ruiz Juan M., 2007. "Cost Effectiveness of R&D and Strategic Trade Policy," The B.E. Journal of Economic Analysis & Policy, De Gruyter, vol. 7(1), pages 1-35, April.
    6. Ritha Sukadi Mata, 2009. "Microfinance Institutions (MFIs) on the Remittances Market: Money Transfer Activity and Savings Mobilisation," Working Papers CEB 09-022.RS, ULB -- Universite Libre de Bruxelles.
    7. Bjuggren, Per-Olof & Dzansi, James & Shukur, Ghazi, 2010. "Remittances and Investment," Working Paper Series in Economics and Institutions of Innovation 216, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    8. Cooray, Arusha, 2012. "Migrant remittances, financial sector development and the government ownership of banks: Evidence from a group of non-OECD economies," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 22(4), pages 936-957.

  22. Enrique Alberola & Susana Garcia-Cervero & Humberto López & Angel Ubide, 2005. "Quo vadis Euro?," International Finance 0507004, University Library of Munich, Germany.

    Cited by:

    1. Égert, Balázs & Leonard, Carol S., 2007. "Dutch desease scare in Kazakhstan: is it real?," BOFIT Discussion Papers 9/2007, Bank of Finland Institute for Emerging Economies (BOFIT).
    2. Enrique Alberola, 2003. "Misalignment, liabilities dollarization and exchange rate adjustment in Latin America," Working Papers 0309, Banco de España.
    3. Virginie Coudert & Cécile Couharde & Valérie Mignon, 2012. "On currency misalignments within the euro area," Post-Print hal-01411726, HAL.
    4. Egert, Balazs & Halpern, Laszlo, 2006. "Equilibrium exchange rates in Central and Eastern Europe: A meta-regression analysis," Journal of Banking & Finance, Elsevier, vol. 30(5), pages 1359-1374, May.
    5. Agnès Bénassy-Quéré & Pascale Duran-Vigneron & Amina Lahrèche-Revil & Mignon, Valerie, 2004. "Burden Sharing and Exchange-Rate Misalignments within the Group of Twenty," Working Papers 2004-13, CEPII research center.
    6. Egert, Balazs, 2005. "Equilibrium exchange rates in South Eastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) diseased?," Economic Systems, Elsevier, vol. 29(2), pages 205-241, June.
    7. Agnès Bénassy-Quéré & Amina Lahrèche-Révil & Valérie Mignon, 2011. "World Consistent Equilibrium Exchange Rates," PSE-Ecole d'économie de Paris (Postprint) hal-00634788, HAL.
    8. Alper, Ahmet Murat & Civcir, İrfan, 2012. "Can overvaluation prelude to crisis and harm growth in Turkey," Journal of Policy Modeling, Elsevier, vol. 34(1), pages 112-131.
    9. Balázs Égert, 2012. "Nominal and Real Exchange Rate Models in South Africa: How Robust Are They?," EconomiX Working Papers 2012-18, University of Paris Nanterre, EconomiX.
    10. Balazs Egert & Amina Lahrèche-Révil & Kirsten Lommatzsch, 2004. "The Stock-Flow Approach to the Real Exchange Rate of CEE Transition Economies," Working Papers 2004-15, CEPII research center.
    11. Balázs Égert & László Halpern & Ronald MacDonald, 2006. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues," Journal of Economic Surveys, Wiley Blackwell, vol. 20(2), pages 257-324, April.
    12. Gelman, Maria & Jochem, Axel & Reitz, Stefan, 2013. "Real financial market exchange rates and capital flows," Discussion Papers 50/2013, Deutsche Bundesbank.
    13. Lopez, Humberto & Molina, Luis & Bussolo, Maurizio, 2007. "Remittances and the real exchange rate," Policy Research Working Paper Series 4213, The World Bank.
    14. Ian Babetskii & Balazs Egert, 2005. "Equilibrium Exchange Rate in the Czech Republic: How Good is the Czech BEER?," CERGE-EI Working Papers wp267, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    15. Balázs Égert & Carol S. Leonard, 2006. "The Dutch Disease in Kazakhstan: An Empirical Investigation," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 85-108.
    16. Mr. Bassem M Kamar & Jean-Etienne Carlotti & Mr. Russell C Krueger, 2009. "Establishing Conversion Values for New Currency Unions: Method and Application to the planned Gulf Cooperation Council (GCC) Currency Union," IMF Working Papers 2009/184, International Monetary Fund.
    17. Zuzana Brixiova & Bal??zs ??gert & Thouraya Hadj Amor Essid, 2014. "The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia," William Davidson Institute Working Papers Series wp1068, William Davidson Institute at the University of Michigan.
    18. Mariarosaria Comunale, 2015. "Long-run determinants and misalignments of the real effective exchange rate in the EU," Bank of Lithuania Working Paper Series 18, Bank of Lithuania.
    19. Agnès Bénassy-Quéré & Amina Lahrèche-Révil & Valérie Mignon, 2004. "Le yuan et le G20," Revue d'Économie Financière, Programme National Persée, vol. 77(4), pages 127-146.
    20. Zuzana Brixiova & Balázs Égert & Thouraya Hadj Amor Essid, 2013. "Working Paper 187 - The Real Exchange Rate and External Competitiveness in Egypt, Morocco and Tunisia," Working Paper Series 991, African Development Bank.
    21. Balázs Égert, 2004. "Equilibrium Exchange Rates in Southeastern Europe, Russia, Ukraine and Turkey: Healthy or (Dutch) Diseased?," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 138-181.
    22. Giancarlo Corsetti & John Flemming & Seppo Honkapohja & Willi Leibfritz & Gilles Saint-Paul & Hans-Werner Sinn & Xavier Vives, 2002. "The Weakness of the Euro: Is it Really a Mystery?," EEAG Report on the European Economy, CESifo, vol. 0, pages 27-42, April.

  23. Enrique Alberola & Jose M González-Minguez & Pablo Hernandez-de-Cos & Jose M Marqués, 2005. "How cyclical do cyclically-adjusted balances remain? An EU study," Public Economics 0507004, University Library of Munich, Germany.

    Cited by:

    1. Masten, Igor & Grdović Gnip, Ana, 2016. "Stress testing the EU fiscal framework," Journal of Financial Stability, Elsevier, vol. 26(C), pages 276-293.
    2. Mr. Serhan Cevik & Ms. Katerina Teksoz, 2014. "Deep Roots of Fiscal Behavior," IMF Working Papers 2014/045, International Monetary Fund.
    3. Jef Vuchelen & Jesse De Wit, 2008. "An Evaluation of the OECD Cyclically-Adjusted Primary Government Balance Forecasts," Brussels Economic Review, ULB -- Universite Libre de Bruxelles, vol. 51(4), pages 459-479.

  24. Enrique Alberola & Luis Molina & Daniel Navia, 2005. "Say you fix, enjoy and relax: the deleterious effect of peg announcements on fiscal discipline," Working Papers 0523, Banco de España.

    Cited by:

    1. Mariya Hake & Fernando López-Vicente & Luis Molina, 2014. "Do the drivers of loan dollarisation differ between cesee and Latin America? a meta-analysis," Working Papers 1406, Banco de España.
    2. Gabriel Jiménez & Vicente Salas-Fumás & Jesús Saurina, 2006. "Credit market competition, collateral and firms' finance," Working Papers 0612, Banco de España.
    3. Alberola, Enrique & Molina, Luis & Navia, Daniel, 2007. "Say you fix, enjoy and relax. The deleterious effect of peg announcements on fiscal discipline in emerging markets," Emerging Markets Review, Elsevier, vol. 8(4), pages 328-338, December.
    4. Hernández de Cos, Pablo & de Castro Fernández, Francisco, 2006. "The economic effects of exogenous fiscal shocks in Spain: a SVAR approach," Working Paper Series 647, European Central Bank.
    5. El-Shagi, Makram, 2009. "The impact of fixed exchange rates on fiscal discipline," University of Göttingen Working Papers in Economics 84, University of Goettingen, Department of Economics.
    6. Óscar J. Arce & David López-Salido, 2006. "House Prices, Rents, and Interest Rates under Collateral Constraints," Working Papers 0610, Banco de España.
    7. Luis J. Álvarez & Pablo Burriel & Ignacio Hernando, 2010. "Price-setting behaviour in Spain: evidence from micro PPI data," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 31(2-3), pages 105-121.
    8. Luis J. Álvarez & Emmanuel Dhyne & Marco M. Hoeberichts & Claudia Kwapil & Hervé le Bihan & Patrick Lünnemann & Fernando Martins & Roberto Sabbatini & Harald Stahl & Philip Vermeulen & Jouko Vilmunen, 2005. "Sticky prices in the euro area: a summary of new micro evidence," Working Papers 0542, Banco de España.
    9. Guillermo Vuletin, 2013. "Exchange Rate Regimes And Fiscal Discipline: The Role Of Capital Controls," Economic Inquiry, Western Economic Association International, vol. 51(4), pages 2096-2109, October.
    10. Enrique Alberola & Luis Molina & Pedro del Río, 2012. "Boom-bust cycles, imbalances and discipline in Europe," Working Papers 1220, Banco de España.
    11. Maravall, Agustin, 2006. "An application of the TRAMO-SEATS automatic procedure; direct versus indirect adjustment," Computational Statistics & Data Analysis, Elsevier, vol. 50(9), pages 2167-2190, May.
    12. Paloma López-García & Sergio Puente, 2006. "Business demography in Spain: determinants of firm survival," Working Papers 0608, Banco de España.

  25. Enrique Alberola & Luis Molina, 2004. "What does really discipline fiscal policy in emerging markets? The role and dynamics of exchange rate regimes," Working Papers 0402, Banco de España.

    Cited by:

    1. Kady Keita & Camelia Turcu, 2019. "How to limit fiscal procyclicality: the role of exchange rate regimes, fiscal rules and institutions," Working Papers 2019.01, International Network for Economic Research - INFER.
    2. Enrique Alberola & José M. Montero, 2006. "Debt sustainability and procyclical fical policies in Latin America," Working Papers 0611, Banco de España.
    3. Alberola, Enrique & Molina, Luis & Navia, Daniel, 2007. "Say you fix, enjoy and relax. The deleterious effect of peg announcements on fiscal discipline in emerging markets," Emerging Markets Review, Elsevier, vol. 8(4), pages 328-338, December.
    4. El-Shagi, Makram, 2009. "The impact of fixed exchange rates on fiscal discipline," University of Göttingen Working Papers in Economics 84, University of Goettingen, Department of Economics.
    5. Francisco J. Ledesma-Rodríguez & Manuel Navarro-Ibáñez & Jorge V. Pérez-Rodríguez & Simón Sosvilla-Rivero, "undated". "Regímenes cambiarios de iure y de facto. El caso de la Peseta/Dólar, 1965-1998," Working Papers on International Economics and Finance 05-03, FEDEA.
    6. Francisco Ledesma-Rodríguez & Manuel Navarro-Ibáñezr & Jorge Pérez-Rodríguez & Simón Sosvilla-Rivero, "undated". "Implicit regimes for the Spanish Peseta/Deutschmark exchange rate," Working Papers 2005-21, FEDEA.
    7. Guillermo Vuletin, 2013. "Exchange Rate Regimes And Fiscal Discipline: The Role Of Capital Controls," Economic Inquiry, Western Economic Association International, vol. 51(4), pages 2096-2109, October.
    8. Rupa Duttagupta & Mr. Guillermo Tolosa, 2006. "Fiscal Discipline and Exchange Rate Regimes: Evidence From the Caribbean," IMF Working Papers 2006/119, International Monetary Fund.
    9. Adela Luque, 2005. "Skill mix and technology in Spain: evidence from firm level data," Working Papers 0513, Banco de España.
    10. Francisco Ledesma-Rodríguez & Manuel Navarro-Ibáñez & Jorge Pérez-Rodríguez & Simón Sosvilla-Rivero, "undated". "Regímenes cambiarios de facto y de iure. Una aplicación al tipo de cambio yen/dólar," Working Papers 2004-10, FEDEA.

  26. Enrique Alberola & Humberto López & Luis Servén, 2004. "Tango with the gringo: the hard peg and real misalign ment in Argentina," Working Papers 0405, Banco de España.

    Cited by:

    1. Enrique Alberola, 2003. "Misalignment, liabilities dollarization and exchange rate adjustment in Latin America," Working Papers 0309, Banco de España.
    2. Perry, Guillermo & Serven, Luis, 2003. "The anatomy of a multiple crisis : why was Argentina special and what can we learn from it?," Policy Research Working Paper Series 3081, The World Bank.
    3. Jorge Carrera & Romain Restout, 2008. "Long Run Determinants of Real Exchange Rates in Latin America," Working Papers 0811, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    4. Mariam Camarero & Renato G. Flores, Jr. & Cecilio R. Tamarit, "undated". "Monetary Union and productivity differences in Mercosur countries," Working Papers on International Economics and Finance 03-04, FEDEA.
    5. Samir Jahjah & Peter Montiel, 2007. "Devaluation, Debt, and Default in Emerging Economies," Open Economies Review, Springer, vol. 18(1), pages 77-93, February.
    6. Corinna Ahlfeld, 2010. "Reputation Sells -Compensation Payments in the Political Sphere," Departmental Discussion Papers 145, University of Goettingen, Department of Economics.
    7. Alper, Ahmet Murat & Civcir, İrfan, 2012. "Can overvaluation prelude to crisis and harm growth in Turkey," Journal of Policy Modeling, Elsevier, vol. 34(1), pages 112-131.
    8. William R. Cline, 2003. "Restoring economic growth in Argentina," Policy Research Working Paper Series 3158, The World Bank.
    9. Jérôme Sgard, 2004. "Ce qu’on en dit après : le « currency board » argentin et sa fin tragique," SciencePo Working papers Main hal-01019663, HAL.
    10. Jérôme Sgard, 2004. "Ce qu’on en dit après : le « currency board » argentin et sa fin tragique," Revue d'Économie Financière, Programme National Persée, vol. 75(2), pages 129-151.
    11. Thierry Buchs, 2005. "Equilibrium Real Exchange Rate In Brazil Estimation And Policy Implications," International Trade 0502013, University Library of Munich, Germany.
    12. Jérôme Sgard, 2004. "Ce qu’on en dit après : le « currency board » argentin et sa fin tragique," Post-Print hal-01019663, HAL.
    13. Yougbaré, Lassana, 2011. "Exchange rate arrangements and misalignments: contrasting words and deeds," MPRA Paper 32362, University Library of Munich, Germany.
    14. Jérôme Sgard, 2004. "Ce qu'on en dit après - le Currency Board argentin et sa fin tragique," Sciences Po publications info:hdl:2441/6827, Sciences Po.
    15. Adela Luque, 2005. "Skill mix and technology in Spain: evidence from firm level data," Working Papers 0513, Banco de España.

  27. Enrique Alberola, 2003. "Misalignment, liabilities dollarization and exchange rate adjustment in Latin America," Working Papers 0309, Banco de España.

    Cited by:

    1. Valerie Mignon & Cécile Couharde & Carl Grekou & Florian Morvillier, 2020. "Measuring the Balassa-Samuelson effect: A guidance note on the RPROD database," Post-Print hal-03101442, HAL.
    2. Antonia López Villavicencio & Josep Lluís Raymond Bara, 2006. "The short and long-run determinants of the real exchange rate in Mexico," Working Papers wpdea0606, Department of Applied Economics at Universitat Autonoma of Barcelona.
    3. Virginie Coudert & Cécile Couharde & Valérie Mignon, 2012. "On currency misalignments within the euro area," Post-Print hal-01411726, HAL.
    4. Jorge Carrera & Romain Restout, 2008. "Long Run Determinants of Real Exchange Rates in Latin America," Working Papers 0811, Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon.
    5. Agnès Bénassy-Quéré & Pascale Duran-Vigneron & Amina Lahrèche-Revil & Mignon, Valerie, 2004. "Burden Sharing and Exchange-Rate Misalignments within the Group of Twenty," Working Papers 2004-13, CEPII research center.
    6. Agnès Bénassy-Quéré & Amina Lahrèche-Révil & Valérie Mignon, 2011. "World Consistent Equilibrium Exchange Rates," PSE-Ecole d'économie de Paris (Postprint) hal-00634788, HAL.
    7. Jorge Carrera & Blaise Gnimassoun & Valérie Mignon & Romain Restout, 2020. "Currency misalignments and exchange rate regimes in Latin American countries: a trade-off issue," Working Papers of BETA 2020-17, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    8. Lane, Philip R. & Milesi-Ferretti, Gian Maria, 2004. "Financial globalization and exchange rates," LSE Research Online Documents on Economics 19926, London School of Economics and Political Science, LSE Library.
    9. Florian Morvillier, 2018. "On the impact of the launch of the euro on EMU macroeconomic vulnerability," EconomiX Working Papers 2018-51, University of Paris Nanterre, EconomiX.
    10. Pilar Poncela & Eva Senra & Lya Paola Sierra, 2017. "Long-term links between raw materials prices, real exchange rate and relative de-industrialization in a commodity-dependent economy: empirical evidence of “Dutch disease” in Colombia," Empirical Economics, Springer, vol. 52(2), pages 777-798, March.
    11. Florian Morvillier, 2018. "On the impact of the launch of the euro on EMU macroeconomic vulnerability," Working Papers hal-04141675, HAL.
    12. Alper, Ahmet Murat & Civcir, İrfan, 2012. "Can overvaluation prelude to crisis and harm growth in Turkey," Journal of Policy Modeling, Elsevier, vol. 34(1), pages 112-131.
    13. Juan Carlos Cuestas & Estefania Mourelle & Paulo José Regis, 2019. "Real exchange rate misalignments in CEECs: have they hindered growth?," Bank of Estonia Working Papers wp2018-05, Bank of Estonia, revised 23 Jan 2019.
    14. Valérie Mignon & Virginie Coudert & Cécile Couharde & Carl Grekou, 2019. "Heterogeneity within the euro area: New insights into an old story," Post-Print hal-02176110, HAL.
    15. Delatte, Anne-Laure & Couhade, Cécile & Grekou, Carl & Mignon, Valerie & Morvillier, Florian, 2017. "EQCHANGE: A World Database on Actual and Equilibrium Effective Exchange Rates," CEPR Discussion Papers 12190, C.E.P.R. Discussion Papers.
    16. Agnès Bénassy-Quéré & Valérie Mignon & Amina Lahrèche, 2008. "Is Asia responsible for exchange-rate misalignments within the G20?," Post-Print hal-00634797, HAL.
    17. Agnès Bénassy‐Quéré & Sophie Béreau & Valérie Mignon, 2009. "Robust Estimations Of Equilibrium Exchange Rates Within The G20: A Panel Beer Approach," Scottish Journal of Political Economy, Scottish Economic Society, vol. 56(5), pages 608-633, November.
    18. Antonia López Villavicencio, 2006. "Real equilibrium exchange rates. A panel data approach for advanced and emerging economies," Working Papers wpdea0605, Department of Applied Economics at Universitat Autonoma of Barcelona.
    19. Bresser-Pereira, Luiz Carlos & Feijó, Carmem & Araújo, Eliane Cristina de, 2022. "The determination of the exchange rate: a new-developmental approach," Textos para discussão 558, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    20. Audrey Allegret, 2010. "Real exchange rate misalignments and economic performance for the G20 countries," Working Papers hal-04140932, HAL.
    21. Nassif, André & Feijó, Carmem Aparecida & Araújo, Eliane, 2017. "A structuralist-Keynesian model for determining the optimum real exchange rate for Brazil’s economic development process: 1999-2015," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    22. Isabelle Méjean, 2008. "Can Firms' Location Decisions Counteract the Balassa-Samuelson Effect ?," Post-Print hal-00363067, HAL.
    23. André Nassif & Carmem Feijó & Eliane Araújo, 2011. "The trend of the real exchange rate overvaluation in open emerging economies: the case of Brazil," Working Papers 0111, Universidade Federal do Paraná, Department of Economics.
    24. Mr. Bassem M Kamar & Jean-Etienne Carlotti & Mr. Russell C Krueger, 2009. "Establishing Conversion Values for New Currency Unions: Method and Application to the planned Gulf Cooperation Council (GCC) Currency Union," IMF Working Papers 2009/184, International Monetary Fund.
    25. Mariarosaria Comunale, 2015. "Current Account and Reer Misalignments in Central Eastern EU Countries: an Update Using the Macroeconomic Balance Approach," Bank of Lithuania Working Paper Series 20, Bank of Lithuania.
    26. Iqbal, Javed & Mahmood, Fatima & Nosheen, Misbah & Wohar, Mark, 2023. "The asymmetric impact of exchange rate misalignment on economic growth of India: An application of Hodrick–Prescott filter technique," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 809-823.
    27. Mariarosaria Comunale, 2015. "Current Account and Real Effective Exchange Rate Misalignments in Central Eastern EU Countries: an Update Using the Macroeconomic Balance Approach," CEIS Research Paper 360, Tor Vergata University, CEIS, revised 13 Nov 2015.
    28. Diego Bastourre & Luis Casanova & Alejo Espora, 2011. "Tipo de Cambio Real y Crecimiento: Síntesis de la Evidencia y Agenda de Investigación," IIE, Working Papers 082, IIE, Universidad Nacional de La Plata.
    29. Daren Conrad & Jaymieon Jagessar, 2018. "Real Exchange Rate Misalignment and Economic Growth: The Case of Trinidad and Tobago," Economies, MDPI, vol. 6(4), pages 1-23, September.
    30. Diego Bastourre & Luis Casanova & Alejo Espora, 2011. "Tipo de Cambio Real y Crecimiento: Síntesis de la Evidencia y Agenda de Investigación," Department of Economics, Working Papers 082, Departamento de Economía, Facultad de Ciencias Económicas, Universidad Nacional de La Plata.
    31. Damyana Bakardzhieva & Russell Krueger & Bassem Kamar & Jean-Etienne Carlotti, 2011. "Essay on Establishing Conversion Values for the Planned Gulf Cooperation Council (GCC) Currency Union," Working Papers 632, Economic Research Forum, revised 09 Jan 2011.
    32. VALDIVIA, Fernando Zarzosa, 2010. "Determinants of the structural real exchange rates and economic structures in Argentina, Chile and Mexico," Working Papers 2010025, University of Antwerp, Faculty of Business and Economics.
    33. Mariarosaria Comunale, 2015. "Long-run determinants and misalignments of the real effective exchange rate in the EU," Bank of Lithuania Working Paper Series 18, Bank of Lithuania.
    34. Jinzhao Chen, 2009. "Beyond Cheap Talks: Assessing the Undervaluation of the Chinese Currency between 1994 and 2007," Post-Print hal-03722246, HAL.
    35. Audrey Sallenave, 2010. "Real exchange rate misalignments and economic performance for the G20 countries," EconomiX Working Papers 2010-1, University of Paris Nanterre, EconomiX.
    36. Florian Morvillier, 2020. "Robustness of the Balassa-Samuelson effect: evidence from developing and emerging economies," EconomiX Working Papers 2020-18, University of Paris Nanterre, EconomiX.
    37. Agnès Bénassy-Quéré & Amina Lahrèche-Révil & Valérie Mignon, 2004. "Le yuan et le G20," Revue d'Économie Financière, Programme National Persée, vol. 77(4), pages 127-146.
    38. Ramos-Herrera María del Carmen, 2022. "How Equilibrium Exchange Rate Misalignments Influence on Economic Growth? Evidence for European Countries," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 16(1), pages 199-211, January.
    39. Nadezhda Ivanova, 2007. "Estimation of the Equilibrium Real Exchange Rate in Russia: Trade-Balance Approach," Working Papers w0102, New Economic School (NES).

  28. Enrique Alberola & Ana Buisán & Santiago Fernández de Lis, 2002. "The quest for nominal and real convergence through integration in Europe and Latin America," Working Papers 0213, Banco de España.

    Cited by:

    1. Dorrucci, Ettore & Fratzscher, Marcel & Mongelli, Francesco Paolo & Firpo, Stefano, 2002. "European integration: what lessons for other regions? The case of Latin America," Working Paper Series 185, European Central Bank.
    2. Tugores, Juan, 2008. "Regional integration and public policy. Evaluation of the European experience and possible implications for Latin American integration," Estudios y Perspectivas – Sede Subregional de la CEPAL en México 4879, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL).

  29. Enrique Alberola & Luis Molina, 2000. "Fiscal Discipline and Exchange Rate Regimes: a Case for Currency Boards?," Working Papers 0006, Banco de España.

    Cited by:

    1. Guillermo Javier Vúletin, 2002. "Regímenes Cambiarios y Performance Fiscal ¿Generan los Regímenes Fijos Mayor Disciplina que los Flexibles?," IIE, Working Papers 042, IIE, Universidad Nacional de La Plata.
    2. Aloy M. & Moreno B. & Nancy G., 2010. "Does Fiscal Policy Matter in a Currency Board Regime? The Case of Argentina," EcoMod2003 330700005, EcoMod.
    3. Nenovsky Nikolay & Hristov Kalin & Mihaylov Mihail, 2001. "Comparing Currency Board Automatic Mechanism in Bulgaria, Estonia and Lithuania," Journal des Economistes et des Etudes Humaines, De Gruyter, vol. 11(4), pages 1-44, December.
    4. Dalia Grigonyté, 2003. "Impact of Currency Boards on Fiscal Policy in Central and Eastern European Countries," Economic Change and Restructuring, Springer, vol. 36(2), pages 111-133, June.
    5. Carrera, Jorge Eduardo, 2004. "Hard peg and monetary unions.Main lessons from the Argentine experience," MPRA Paper 7843, University Library of Munich, Germany, revised 2007.
    6. Vivek H. Dehejia & Nadja Kamhi, 2005. "An Assessment of the Currency Board Regime in Bosnia and Herzegovina," Carleton Economic Papers 05-01, Carleton University, Department of Economics, revised Dec 2006.
    7. Aloy, Marcel & Moreno-Dodson, Blanca & Nancy, Gilles, 2008. "Intertemporal adjustment and fiscal policy under a fixed exchange rate regime," Policy Research Working Paper Series 4607, The World Bank.
    8. Oliver Grimm, 2007. "Fiscal Discipline and Stability under Currency Board Systems," CER-ETH Economics working paper series 07/66, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
    9. Guillermo J. Vuletin, 2004. "Exchange Rate Regimes And Fiscal Performance. Do Fixed Exchange Rate Regimes Generate More Discipline Than Flexible Ones?," Econometric Society 2004 North American Winter Meetings 474, Econometric Society.

  30. Enrique Alberola & Susana G. Cervero & Humberto Lopez & Angel Ubide, 2000. "Global Equilibrium Exchange Rates: Euro, Dollar, "Ins," "Outs," and Other Major Currencies in a Panel Cointegration Framework," Econometric Society World Congress 2000 Contributed Papers 0051, Econometric Society.

    Cited by:

    1. Égert, Balázs & Leonard, Carol S., 2007. "Dutch desease scare in Kazakhstan: is it real?," BOFIT Discussion Papers 9/2007, Bank of Finland Institute for Emerging Economies (BOFIT).
    2. Milesi-Ferretti, Gian Maria & Lane, Philip, 2002. "External Wealth, the Trade Balance and the Real Exchange Rate," CEPR Discussion Papers 3153, C.E.P.R. Discussion Papers.
    3. Mr. Gian M Milesi-Ferretti & Mr. Philip R. Lane, 1999. "The External Wealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and Developing Countries," IMF Working Papers 1999/115, International Monetary Fund.
    4. Enrique Alberola, 2003. "Misalignment, liabilities dollarization and exchange rate adjustment in Latin America," Working Papers 0309, Banco de España.
    5. Valerie Mignon & Cécile Couharde & Carl Grekou & Florian Morvillier, 2020. "Measuring the Balassa-Samuelson effect: A guidance note on the RPROD database," Post-Print hal-03101442, HAL.
    6. Antonia López Villavicencio & Josep Lluís Raymond Bara, 2006. "The short and long-run determinants of the real exchange rate in Mexico," Working Papers wpdea0606, Department of Applied Economics at Universitat Autonoma of Barcelona.
    7. Apergis, Nicholas & Zestos, George K. & Shaltayev, Dmitriy S., 2012. "Do market fundamentals determine the Dollar–Euro exchange rate?," Journal of Policy Modeling, Elsevier, vol. 34(1), pages 1-15.
    8. Perry, Guillermo & Serven, Luis, 2003. "The anatomy of a multiple crisis : why was Argentina special and what can we learn from it?," Policy Research Working Paper Series 3081, The World Bank.
    9. International Monetary Fund, 2001. "Interpreting Real Exchange Rate Movements in Transition Countries," IMF Working Papers 2001/056, International Monetary Fund.
    10. Ivanova, Sofia, 2006. "The Equilibrium of USD/RUB Exchange Rate," Applied Econometrics, Russian Presidential Academy of National Economy and Public Administration (RANEPA), vol. 4(4), pages 3-17.
    11. Marçal, Emerson Fernandes & Zimmermann, Beatrice & de Prince, Diogo & Merlin, Giovanni, 2018. "Assessing interdependence among countries' fundamentals and its implications for exchange rate misalignment estimates: An empirical exercise based on GVAR," Revista Brasileira de Economia - RBE, EPGE Brazilian School of Economics and Finance - FGV EPGE (Brazil), vol. 72(4), December.
    12. Couharde, Cécile & Sallenave, Audrey, 2013. "How do currency misalignments’ threshold affect economic growth?," Journal of Macroeconomics, Elsevier, vol. 36(C), pages 106-120.
    13. Blaise Gnimassoun & Valérie Mignon, 2013. "Current-Account Adjustments and Exchange-Rate Misalignments," Working Papers 2013-29, CEPII research center.
    14. Michael Funke & Jorg Rahn, 2004. "By How Much Is The Chinese Renminbi Undervalued?," Money Macro and Finance (MMF) Research Group Conference 2004 40, Money Macro and Finance Research Group.
    15. Egert, Balazs & Halpern, Laszlo, 2006. "Equilibrium exchange rates in Central and Eastern Europe: A meta-regression analysis," Journal of Banking & Finance, Elsevier, vol. 30(5), pages 1359-1374, May.
    16. Agnès Bénassy-Quéré & Amina Lahrèche-Révil & Valérie Mignon, 2011. "World Consistent Equilibrium Exchange Rates," PSE-Ecole d'économie de Paris (Postprint) hal-00634788, HAL.
    17. Egert, Balazs & Lommatzsch, Kirsten & Lahreche-Revil, Amina, 2006. "Real exchange rates in small open OECD and transition economies: Comparing apples with oranges?," Journal of Banking & Finance, Elsevier, vol. 30(12), pages 3393-3406, December.
    18. Shehu Usman Rano, Aliyu, 2008. "Real Exchange Rate Misalignment: An Application of Behavioral Equilibrium Exchange Rate (BEER) to Nigeria," MPRA Paper 10343, University Library of Munich, Germany.
    19. Lukasz Rawdanowicz, 2003. "The EMU Enlargement and the Choice of the Euro Conversion Rates: Theoretical and Empirical Issues," CASE Network Studies and Analyses 0269, CASE-Center for Social and Economic Research.
    20. Ramos-Herrera, María del Carmen & Sosvilla-Rivero, Simón, 2023. "Economic growth and deviations from the equilibrium exchange rate," International Review of Economics & Finance, Elsevier, vol. 86(C), pages 764-786.
    21. Cécile Couharde & Carl Grekou & Valérie Mignon, 2021. "On the economic desirability of the West African monetary union: would one currency fit all?," Working Papers 2021-03, CEPII research center.
    22. Pagnottoni, Paolo & Baur, Dirk G. & Dimpfl, Thomas, 2018. "Price Discovery on Bitcoin Markets," IRTG 1792 Discussion Papers 2018-014, Humboldt University of Berlin, International Research Training Group 1792 "High Dimensional Nonstationary Time Series".
    23. Pavel Trunin & Dmitriy Kniazev & Ekaterina Kuduykina, 2010. "Perspective issues in the CBR`s exchange rate policy," Research Paper Series, Gaidar Institute for Economic Policy, issue 144P.
    24. Jayasooriya, Sujith, 2020. "Movement of Exchange Rate on Balance-of-Payments Constrained Growth in South Asia: Panel ARDL," MPRA Paper 98733, University Library of Munich, Germany.
    25. Ronald MacDonald, 2001. "Modelling the long-run real effective exchange rate of the New Zealand Dollar," Reserve Bank of New Zealand Discussion Paper Series DP2002/02, Reserve Bank of New Zealand.
    26. Ulrich Fritsche & Camille Logeay & Kirsten Lommatzsch & Katja Rietzler & Sabine Stephan & Rudolf Zwiener unter Mitarb. von Cansel Kiziltepe & Christian Proano-Acosta, 2005. "Auswirkungen von länderspezifischen Differenzen in der Lohn-, Preisniveau- und Produktivitätsentwicklung auf Wachstum und Beschäftigung in den Ländern des Euroraums: Endbericht ; Forschungsprojekt im ," DIW Berlin: Politikberatung kompakt, DIW Berlin, German Institute for Economic Research, volume 8, number pbk8, January.
    27. Stephan Schulmeister, 2005. "Purchasing Power Parities for Tradables, Exchange Rates and Price Competitiveness," WIFO Studies, WIFO, number 25656, April.
    28. Emerson Fernandes Marçal & Priscila Fernandes Ribeiro, 2011. "Levado pelos Fundamentos? Estimando o Desalinhamento Cambial Norte-Americano a partir de Técnicas de Cointegração," Discussion Papers 1674, Instituto de Pesquisa Econômica Aplicada - IPEA.
    29. Yin-Wong Cheung & Menzie D. Chinn & Antonio Garcia-Pascual, 2005. "Empirical Exchange Rate Models of the Nineties: Are Any Fit to Survive?," Working Papers 122005, Hong Kong Institute for Monetary Research.
    30. Deniz Atasoy & Sweta C. Saxena, 2005. "Misaligned? Overvalued? The Untold Story of the Turkish Lira," International Finance 0508002, University Library of Munich, Germany.
    31. T. Berger & B. Kempa & -, 2010. "Taylor rules and the Canadian-US equilibrium exchange rate," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 10/643, Ghent University, Faculty of Economics and Business Administration.
    32. Jörg Hinze, 2000. "Does a weak Euro signify poor competitiveness of the Euro zone?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 35(4), pages 183-190, July.
    33. Balázs Égert, 2012. "Nominal and Real Exchange Rate Models in South Africa: How Robust Are They?," EconomiX Working Papers 2012-18, University of Paris Nanterre, EconomiX.
    34. Ron Alquist & Menzie D. Chinn, 2002. "Productivity and the Euro-Dollar Exchange Rate Puzzle," NBER Working Papers 8824, National Bureau of Economic Research, Inc.
    35. Valérie Mignon & Virginie Coudert & Cécile Couharde & Carl Grekou, 2019. "Heterogeneity within the euro area: New insights into an old story," Post-Print hal-02176110, HAL.
    36. Kim, Byung-Yeon & Korhonen, Iikka, 2002. "Equilibrium exchange rates in transition countries: Evidence from dynamic heterogenous panel models," BOFIT Discussion Papers 15/2002, Bank of Finland Institute for Emerging Economies (BOFIT).
    37. Marit Hinnosaar & Hannes Kaadu & Lenno Uuskula, 2005. "Estimating the equilibrium exchange rate of the Estonian kroon," Bank of Estonia Working Papers 2005-2, Bank of Estonia, revised 10 Oct 2005.
    38. Bergvall, Anders, 2002. "What Determines Real Exchange Rates? The Nordic Countries," Working Paper Series 2002:15, Uppsala University, Department of Economics.
    39. Balazs Egert & Amina Lahrèche-Révil & Kirsten Lommatzsch, 2004. "The Stock-Flow Approach to the Real Exchange Rate of CEE Transition Economies," Working Papers 2004-15, CEPII research center.
    40. Balázs Égert & László Halpern & Ronald MacDonald, 2006. "Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues," Journal of Economic Surveys, Wiley Blackwell, vol. 20(2), pages 257-324, April.
    41. Virginie Coudert & Cécile Couharde, 2009. "Currency Misalignments and Exchange Rate Regimes in Emerging and Developing Countries," Review of International Economics, Wiley Blackwell, vol. 17(1), pages 121-136, February.
    42. Parantap Basu & Yoseph Getachew, 2017. "Redistributive Innovation Policy, Inequality and Efficiency," Working Papers 201768, University of Pretoria, Department of Economics.
    43. Schnatz, Bernd, 2006. "Is reversion to PPP in euro exchange rates non-linear?," Working Paper Series 682, European Central Bank.
    44. Marçal, Emerson Fernandes, 2013. "Exchange rate misalignments, interdependence, crises, and currency wars: an empirical assessment," Textos para discussão 348, FGV EESP - Escola de Economia de São Paulo, Fundação Getulio Vargas (Brazil).
    45. Gelman, Maria & Jochem, Axel & Reitz, Stefan, 2013. "Real financial market exchange rates and capital flows," Discussion Papers 50/2013, Deutsche Bundesbank.
    46. Agnès Bénassy‐Quéré & Sophie Béreau & Valérie Mignon, 2009. "Robust Estimations Of Equilibrium Exchange Rates Within The G20: A Panel Beer Approach," Scottish Journal of Political Economy, Scottish Economic Society, vol. 56(5), pages 608-633, November.
    47. Clark, Peter B. & MacDonald, Ronald, 2004. "Filtering the BEER: A permanent and transitory decomposition," Global Finance Journal, Elsevier, vol. 15(1), pages 29-56.
    48. International Monetary Fund, 2002. "Lithuania: History and Future of the Currency Board Arrangement," IMF Working Papers 2002/127, International Monetary Fund.
    49. Gabriel Gomes, 2014. "Is the oil currency – oil price nexus affected by dollar swings?," EconomiX Working Papers 2014-53, University of Paris Nanterre, EconomiX.
    50. Cécile Couharde & Didier Borowski, 2003. "The Exchange Rate Macroeconomic Balance Approach: New Methodology and Results for the Euro, the Dollar, the Yen and the Pound sterling," Post-Print halshs-00119117, HAL.
    51. Enrique Alberola & Daniel Navia, 2007. "Equilibrium exchange rates in the new EU members: external imbalances vs. real convergence," Working Papers 0708, Banco de España.
    52. Jakub Borowski & Michal Brzoza-Brzezina, 2004. "Designing Poland's Macroeconomic Strategy on the Way to the Euro Area," EUI-RSCAS Working Papers 10, European University Institute (EUI), Robert Schuman Centre of Advanced Studies (RSCAS).
    53. Lopez, Humberto & Molina, Luis & Bussolo, Maurizio, 2007. "Remittances and the real exchange rate," Policy Research Working Paper Series 4213, The World Bank.
    54. Maeso-Fernandez, Francisco & Osbat, Chiara & Schnatz, Bernd, 2004. "Towards the estimation of equilibrium exchange rates for CEE acceding countries: methodological issues and a panel cointegration perspective," Working Paper Series 353, European Central Bank.
    55. Yasser Abdih & Charalambos Tsangarides, 2010. "FEER for the CFA franc," Applied Economics, Taylor & Francis Journals, vol. 42(16), pages 2009-2029.
    56. Rebecca L Driver & Peter F Westaway, 2005. "Concepts of equilibrium exchange rates," Bank of England working papers 248, Bank of England.
    57. Mileva, Mariya, 2015. "Valuation effects and long-run real exchange rate dynamics," Journal of International Money and Finance, Elsevier, vol. 51(C), pages 390-408.
    58. Antonia López Villavicencio, 2006. "Real equilibrium exchange rates. A panel data approach for advanced and emerging economies," Working Papers wpdea0605, Department of Applied Economics at Universitat Autonoma of Barcelona.
    59. Mariam Camarero & Javier Ordóñez & Cecilio Tamarit, 2002. "The Euro-Dollar exchange rate: Is it fundamental?," European Economy Group Working Papers 16, European Economy Group.
    60. Milesi-Ferretti, Gian Maria & Lane, Philip, 2000. "The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates," CEPR Discussion Papers 2511, C.E.P.R. Discussion Papers.
    61. Nilsson, Kristian, 2002. "Do Fundamentals Explain the Behavior of the Real Effective Exchange Rate?," Working Papers 78, National Institute of Economic Research.
    62. Claire Giordano, 2019. "How frequent a BEER? Assessing the impact of data frequency on real exchange rate misalignment estimation," Questioni di Economia e Finanza (Occasional Papers) 522, Bank of Italy, Economic Research and International Relations Area.
    63. Anders Bergvall, 2004. "What Determines Real Exchange Rates? The Nordic Countries," Scandinavian Journal of Economics, Wiley Blackwell, vol. 106(2), pages 315-337, June.
    64. Leonor Coutinho & Alessandro Turrini & Stefan Zeugner, 2018. "Methodologies for the Assessment of Current Account Benchmarks," European Economy - Discussion Papers 086, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    65. Michael Frenkel & Isabell Koske, 2004. "How well can monetary factors explain the exchange rate of the euro?," Atlantic Economic Journal, Springer;International Atlantic Economic Society, vol. 32(3), pages 233-244, September.
    66. Ian Babetskii & Balazs Egert, 2005. "Equilibrium Exchange Rate in the Czech Republic: How Good is the Czech BEER?," CERGE-EI Working Papers wp267, The Center for Economic Research and Graduate Education - Economics Institute, Prague.
    67. World Bank, 2008. "Turkey - Country Economic Memorandum : Volume 2. Sustaining High Growth, Selected Issues," World Bank Publications - Reports 8017, The World Bank Group.
    68. Emerson Fernandes Marçal & Fernando Barbi, 2010. "“Quo Vadis Real? Estimating the Brazilian Real Exchange Rate Misalignment in Vector Error Correction Model with Structural Change”," Working Papers 10-2010, Universidade de São Paulo, Faculdade de Economia, Administração e Contabilidade de Ribeirão Preto.
    69. Isabelle Méjean, 2008. "Can Firms' Location Decisions Counteract the Balassa-Samuelson Effect ?," Post-Print hal-00363067, HAL.
    70. Béreau, Sophie & Villavicencio, Antonia López & Mignon, Valérie, 2010. "Nonlinear adjustment of the real exchange rate towards its equilibrium value: A panel smooth transition error correction modelling," Economic Modelling, Elsevier, vol. 27(1), pages 404-416, January.
    71. Jörg Rahn, 2004. "Bilaterial equilibrium exchange rates of EU accession countries against the euro," Macroeconomics 0401010, University Library of Munich, Germany.
    72. Bernd Schnatz, 2007. "Is reversion to PPP in euro exchange rates non-linear?," International Economics and Economic Policy, Springer, vol. 4(3), pages 281-297, November.
    73. Thierry Buchs, 2005. "Equilibrium Real Exchange Rate In Brazil Estimation And Policy Implications," International Trade 0502013, University Library of Munich, Germany.
    74. Oliver Hossfeld, 2010. "Equilibrium Real Effective Exchange Rates and Real Exchange Rate Misalignments: Time Series vs. Panel Estimates," Working Papers 2010.3, International Network for Economic Research - INFER.
    75. Balázs Égert & Carol S. Leonard, 2006. "The Dutch Disease in Kazakhstan: An Empirical Investigation," Focus on European Economic Integration, Oesterreichische Nationalbank (Austrian Central Bank), issue 2, pages 85-108.
    76. Enrique Alberola & Humberto López & Luis Servén, 2004. "Tango with the gringo: the hard peg and real misalign ment in Argentina," Working Papers 0405, Banco de España.
    77. Guisan, M. Carmen, 2005. "Exchange Rates, Foreign Trade Prices and PPs in OECD Countries: An Analysis of the period 1960-2003," Economic Development 84, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    78. Gilles DUFRENOT & Laurent MATHIEU & Val=E9rie MIGNON & Anne PEGUIN-FEISSOLE, 2003. "Persistent misalignments of the European exchanges rates: some evidence from nonlinear cointegration," International Finance 0309003, University Library of Munich, Germany.
    79. Rahn, Jörg, 2003. "Bilateral equilibrium exchange rates of EU accession countries against the euro," BOFIT Discussion Papers 11/2003, Bank of Finland Institute for Emerging Economies (BOFIT).
    80. Mr. Guy M Meredith, 2003. "Medium-Term Exchange Rate Forecasting: What Can We Expect?," IMF Working Papers 2003/021, International Monetary Fund.
    81. David Duffy & John FitzGerald & Diarmaid Smyth, 2000. "Ireland's Exposure To a Sterling Shock," Papers WP135, Economic and Social Research Institute (ESRI).
    82. GUISAN, Maria-Carmen, 2009. "Real Exchange Rate Euro-Dollar And Foreign Trade Balance: Analysis Of Spain, Germany And France In Comparison With The Usa. 1960-2007," Economic Development 100, University of Santiago de Compostela. Faculty of Economics and Business. Econometrics..
    83. Gnabo, Jean-Yves & Laurent, Sébastien & Lecourt, Christelle, 2009. "Does transparency in central bank intervention policy bring noise to the FX market?: The case of the Bank of Japan," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 19(1), pages 94-111, February.
    84. Coppola,Andrea & Lagerborg,Andresa & Mustafaoglu,Zafer, 2016. "Estimating an equilibrium exchange rate for the Argentine Peso," Policy Research Working Paper Series 7682, The World Bank.
    85. Garcimartin, Carlos & Kvedaras, Virmantas & Rivas, Luis, 2016. "Business cycles in a balance-of-payments constrained growth framework," Economic Modelling, Elsevier, vol. 57(C), pages 120-132.
    86. Charalambos Pattichis & Marios Maratheftis & Stavros Zenios, 2007. "Is the Cyprus Pound Real Effective Exchange Rate Misaligned? A BEER Approach," International Economic Journal, Taylor & Francis Journals, vol. 21(1), pages 133-154.
    87. Nikolaos Giannellis & Minoas Koukouritakis, 2011. "Behavioural equilibrium exchange rate and total misalignment: evidence from the euro exchange rate," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 38(4), pages 555-578, November.
    88. Camba-Crespo Alfonso & García-Solanes José & Torrejón-Flores Fernando, 2022. "Current-Account Imbalances, Real Exchange-Rate Misalignments, and Output Gaps," Economics - The Open-Access, Open-Assessment Journal, De Gruyter, vol. 16(1), pages 57-72, January.
    89. Coppel, Jonathan & Durand, Martine & Visco, Ignazio, 2000. "The European Monetary Union, the euro, and the European policy mix," Journal of Asian Economics, Elsevier, vol. 11(1), pages 31-63.
    90. Carton, Benjamin & Hervé, Karine, 2012. "Estimation of consistent multi-country FEERs," Economic Modelling, Elsevier, vol. 29(4), pages 1205-1214.
    91. Mariarosaria Comunale, 2015. "Long-run determinants and misalignments of the real effective exchange rate in the EU," Bank of Lithuania Working Paper Series 18, Bank of Lithuania.
    92. Benjamin Carton & Karine Hervé, 2013. "Is There any Rebalancing in the Euro Area?," Working Papers 2013-32, CEPII research center.
    93. Jinzhao Chen, 2009. "Beyond Cheap Talks: Assessing the Undervaluation of the Chinese Currency between 1994 and 2007," Post-Print hal-03722246, HAL.
    94. Audrey Sallenave, 2010. "Real exchange rate misalignments and economic performance for the G20 countries," EconomiX Working Papers 2010-1, University of Paris Nanterre, EconomiX.
    95. Jean-Pierre Allegret & Audrey Allegret-Sallenave, 2014. "The impact of real exchange rates adjustments on global imbalances: a multilateral approach," Post-Print hal-01385910, HAL.
    96. Lopcu, Kenan & Dülger, Fikret & Burgaç, Almıla, 2013. "Relative productivity increases and the appreciation of the Turkish lira," Economic Modelling, Elsevier, vol. 35(C), pages 614-621.
    97. Candelon, Bertrand & Kool, Clemens & Raabe, Katharina & van Veen, Tom, 2007. "Long-run real exchange rate determinants: Evidence from eight new EU member states, 1993-2003," Journal of Comparative Economics, Elsevier, vol. 35(1), pages 87-107, March.
    98. Osbat, Chiara & Schnatz, Bernd & Vijselaar, Focco, 2003. "Productivity and the ('synthetic') euro-dollar exchange rate," Working Paper Series 225, European Central Bank.
    99. Balázs Egert, 2012. "Nominal and Real Exchange Rate Models in South Africa: How Robust Are They?," Working Papers hal-04141078, HAL.
    100. Mr. Johan Mathisen, 2003. "Estimation of the Equilibrium Real Exchange Rate for Malawi," IMF Working Papers 2003/104, International Monetary Fund.
    101. Megumi Kubota, "undated". "Real Exchange Rate Misalignments: Theoretical Modelling and Empirical Evidence," Discussion Papers 09/24, Department of Economics, University of York.
    102. Bal??zs ??gert, 2002. "Equilibrium Real Exchange Rates in Central Europe's Transition Economies: Knocking on Heaven's Door," William Davidson Institute Working Papers Series 480, William Davidson Institute at the University of Michigan.
    103. Giancarlo Corsetti & John Flemming & Seppo Honkapohja & Willi Leibfritz & Gilles Saint-Paul & Hans-Werner Sinn & Xavier Vives, 2002. "The Weakness of the Euro: Is it Really a Mystery?," EEAG Report on the European Economy, CESifo, vol. 0, pages 27-42, April.

  31. Eva Ortega & Enrique Alberola, 2000. "Transmission of Shocks and Monetary Policy in the Euro Area. An Exercise With NiGEM," Working Papers 0010, Banco de España.

    Cited by:

    1. Mr. Matteo Ciccarelli & Mr. Alessandro Rebucci, 2002. "The Transmission Mechanism of European Monetary Policy: Is There Heterogeneity? Is it Changing over Time?," IMF Working Papers 2002/054, International Monetary Fund.

  32. Enrique Alberola & José M. Marqués, 1999. "On the Relevance and Nature of Regional Inflation Differentials: the Case of Spain," Working Papers 9913, Banco de España.

    Cited by:

    1. Patrick Honohan & Philip R. Lane, 2003. "Divergent inflation rates in EMU [‘European financial integration and equity returns: a theory-based assessment’]," Economic Policy, CEPR, CESifo, Sciences Po;CES;MSH, vol. 18(37), pages 357-394.
    2. Ivo J. M. Arnold & Jan J.G. Lemmen, 2006. "Inflation Expectations and Inflation Uncertainty in the Eurozone: Evidence from Survey Data," CESifo Working Paper Series 1667, CESifo.
    3. Giorgio Canarella & Stephen Miller & Stephen Pollard, 2011. "The Global Financial Crisis and Stochastic Convergence in the Euro Area," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(3), pages 315-333, August.
    4. Fabio Busetti & Silvia Fabiani & Andrew Harvey, 2006. "Convergence of Prices and Rates of Inflation," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 68(s1), pages 863-877, December.
    5. Paweł Gajewski, 2017. "Sources of Regional Inflation in Poland," Eastern European Economics, Taylor & Francis Journals, vol. 55(3), pages 261-276, May.
    6. Santiago Rodriguez Feijoo & Alejandro Rodriguez Caro & Carlos Gonzalez Correa, 2003. "A measurement to analyze the relative change in the Absolute Parity of Power Purchase: An application to the European Union," ERSA conference papers ersa03p163, European Regional Science Association.
    7. Carla Massidda & Paolo Mattana, 2008. "Regional productivity and relative prices dynamics: the case of Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 42(4), pages 945-966, December.
    8. Alejandro Rodriguez Caro & Santiago Rodriguez Feijoó & Carlos Gonzalez Correa, 2005. "Markov Chain approach to Purchasing Power Convergence in the 15 European Union," ERSA conference papers ersa05p457, European Regional Science Association.
    9. Santiago Rodriguez Feijoo & Alejandro Rodriguez Caro & Carlos Gonzalez Correa, 2004. "An Empirical Study of the Purchasing Power Parity in the European Union," ERSA conference papers ersa04p369, European Regional Science Association.
    10. Jacobo Campo Robledo & Sebastián Cubillos Fonseca, 2012. "Convergencia de precios en Colombia: integración de mercados a través del Índice de Precios al Consumidor," Revista Finanzas y Politica Economica, Universidad Católica de Colombia, vol. 4(2), pages 103-112, December.
    11. I. Arnold & C.J.M. Kool, 2004. "The Role of Inflation Differentials in Regional Adjustment: Evidence from the United States," Working Papers 04-13, Utrecht School of Economics.

  33. Enrique Alberola & Humberto López, 1999. "Internal and External Exchange Rate Equilibrium in a Cointegration Framework. An Application to the Spanish Peseta," Working Papers 9916, Banco de España.

    Cited by:

    1. Gabriel Gomes, 2016. "On the impact of dollar movements on oil currencies," Working Papers 2016-11, CEPII research center.
    2. Hugo Oliveros C. & Carlos Huertas C., 2003. "Desequilibrios nominales y reales del tipo de cambio en Colombia," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, vol. 21(43), pages 32-65, June.
    3. Alper, Ahmet Murat & Civcir, İrfan, 2012. "Can overvaluation prelude to crisis and harm growth in Turkey," Journal of Policy Modeling, Elsevier, vol. 34(1), pages 112-131.
    4. Kubota, Megumi, 2013. "Estimating the half-life of theoretically founded real exchange rate misalignments," Policy Research Working Paper Series 6411, The World Bank.
    5. Lopez, Humberto & Molina, Luis & Bussolo, Maurizio, 2007. "Remittances and the real exchange rate," Policy Research Working Paper Series 4213, The World Bank.
    6. Enrique Alberola & Susana G. Cervero & Humberto Lopez & Angel Ubide, 2000. "Global Equilibrium Exchange Rates: Euro, Dollar, "Ins," "Outs," and Other Major Currencies in a Panel Cointegration Framework," Econometric Society World Congress 2000 Contributed Papers 0051, Econometric Society.
    7. César Calderón M., 2004. "An Analysis of the Behavior of the Real Exchange Rate in Chile," Journal Economía Chilena (The Chilean Economy), Central Bank of Chile, vol. 7(1), pages 5-30, April.
    8. Hugo Oliveros & Carlos Huertas, 2002. "Desequilibrios Nominales y Reales del Tipo de Cambio en Colombia," Borradores de Economia 220, Banco de la Republica de Colombia.
    9. Joof, Foday & Touray, Sheriff, 2021. "The Impact of Remittance Flow on Real Effective Exchange Rate: Empirical Evidence from The Gambia," MPRA Paper 106045, University Library of Munich, Germany.
    10. Enrique Alberola & Humberto López & Luis Servén, 2004. "Tango with the gringo: the hard peg and real misalign ment in Argentina," Working Papers 0405, Banco de España.
    11. Pilbeam, K. & Litsions, I., 2015. "The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate," Working Papers 15/19, Department of Economics, City University London.
    12. Garcimartin, Carlos & Kvedaras, Virmantas & Rivas, Luis, 2016. "Business cycles in a balance-of-payments constrained growth framework," Economic Modelling, Elsevier, vol. 57(C), pages 120-132.
    13. Megumi Kubota, "undated". "Real Exchange Rate Misalignments: Theoretical Modelling and Empirical Evidence," Discussion Papers 09/24, Department of Economics, University of York.

  34. Alberola, Enrique & Tyrväinen, Timo, 1998. "Is there scope for inflation differentials in EMU? An empirical evaluation of the Balassa-Samuelson model in EMU countries," Bank of Finland Research Discussion Papers 15/1998, Bank of Finland.

    Cited by:

    1. Jan Kubíček, 2006. "Úrokové diferenciály a zadlužení v eurozóně [Interest rate differentials and the debt in the euro-zone]," Politická ekonomie, Prague University of Economics and Business, vol. 2006(6), pages 816-833.
    2. Camba-Méndez, Gonzalo & Garcí­a, Juan Angel & Rodriguez-Palenzuela, Diego, 2003. "Relevant economic issues concerning the optimal rate of inflation," Working Paper Series 278, European Central Bank.
    3. Nigel Grimwade, 2000. "Developments in the Economies of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 38(s1), pages 163-179, September.
    4. Nikolay Nenovsky & Kalin Hristov, 2001. "Official Eurozation of Bulgaria: Pluses and Minuses," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 64-80.
    5. Iikka Korhonen & Mare Randveer, 2015. "Assessment of the Euros's implications for European economic development," Bank of Estonia Working Papers wp2000-02, Bank of Estonia, revised 03 Feb 2015.
    6. Kenny, Geoff & Meyler, Aidan & Quinn, Terry, 1998. "Bayesian VAR Models for Forecasting Irish Inflation," Research Technical Papers 4/RT/98, Central Bank of Ireland.
    7. Alberto Alonso & Vanesa Guzmán, 2014. "Monetary Union Viability: A Criterion Proposal," Metroeconomica, Wiley Blackwell, vol. 65(4), pages 717-750, November.
    8. Ronald MacDonald, 2000. "The role of the exchange rate in economic growth: a euro-zone perspective," Working Paper Research 09, National Bank of Belgium.
    9. Nigel Grimwade, 2001. "Developments in the Economies of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 39(s1), pages 157-174, September.
    10. Quinn, Terry & Kenny, Geoff & Meyler, Aidan, 1999. "Inflation Analysis: An Overview," Research Technical Papers 1/RT/99, Central Bank of Ireland.
    11. Todorov Ivan Krumov, 2014. "Macroeconomic Trends in the New Member Countries of the European Union Before the Euro Area Debt Crisis," Scientific Annals of Economics and Business, Sciendo, vol. 61(2), pages 197-217, December.
    12. Andersson, Malin & Masuch, Klaus & Schiffbauer, Marc, 2009. "Determinants of inflation and price level differentials across the euro area countries," Working Paper Series 1129, European Central Bank.
    13. Nigel Grimwade, 1999. "Developments in the Economies of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 37(s1), pages 135-153, September.
    14. Nigel Grimwade, 2002. "Developments in the Economies of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 40(s1), pages 157-172, September.
    15. Vladislav Flek & Lenka Markova & Jiri Podpiera, 2002. "Sectoral Productivity and Real Exchange Rate Appreciation: Much Ado about Nothing?," Working Papers 2002/04, Czech National Bank.
    16. Dubravko Mihaljek & Marc Klau, 2008. "Catching-up and inflation in transition economies: the Balassa-Samuelson effect revisited," BIS Working Papers 270, Bank for International Settlements.
    17. Bulir, Ales & Hurnik, Jaromir, 2006. "The Maastricht inflation criterion: How unpleasant is purgatory?," Economic Systems, Elsevier, vol. 30(4), pages 385-404, December.
    18. Ales Bulir & Jaromir Hurnik, 2006. "The Maastricht Inflation Criterion: "Saints" and "Sinners"," Working Papers 2006/8, Czech National Bank.
    19. Lukasz Rawdanowicz, 2008. "The enlargement of the euro area: differences in relative inflation," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(5), pages 623-638.
    20. Horváth, Ágnes & Szalai, Zoltán, 2001. "A kevésbé fejlett EU-tagországok konvergenciájának tapasztalatai [The convergence experiences of less-developed EU member-countries]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 640-658.
    21. Carla Massidda & Paolo Mattana, 2008. "Regional productivity and relative prices dynamics: the case of Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 42(4), pages 945-966, December.
    22. Lojschová, Adriana, 2003. "Estimating the Impact of the Balassa-Samuelson Effect in Transition Economies," Economics Series 140, Institute for Advanced Studies.
    23. Martin Wagner & Jaroslava Hlouskova, 2004. "What's Really the Story with this Balassa-Samuelson Effect in the CEECs?," Diskussionsschriften dp0416, Universitaet Bern, Departement Volkswirtschaft.
    24. João Rebelo Barbosa & Rui Henrique Alves, 2011. "Divergent competitiveness in the eurozone and the optimum currency area theory," FEP Working Papers 436, Universidade do Porto, Faculdade de Economia do Porto.
    25. Dubravko Mihaljek & Marc Klau, 2003. "The Balassa-Samuelson effect in central Europe: a disaggregated analysis," BIS Working Papers 143, Bank for International Settlements.
    26. Lenarčič, Črt & Masten, Igor, 2020. "Is there a Harrod-Balassa-Samuelson effect? New panel data evidence from 28 European countries," MPRA Paper 100647, University Library of Munich, Germany.
    27. Brandmeier, Michael, 2006. "Reasons for real appreciation in Central Europe," University of Göttingen Working Papers in Economics 55, University of Goettingen, Department of Economics.

  35. Enrique Alberola-Ila & Tymo Tyrväinen, 1998. "Is there Scope for Inflation Differentials in EMU? An Empirical Evaluation of the Balassa-Samuelson Model in EMU Countries," Working Papers 9823, Banco de España.

    Cited by:

    1. Jan Kubíček, 2006. "Úrokové diferenciály a zadlužení v eurozóně [Interest rate differentials and the debt in the euro-zone]," Politická ekonomie, Prague University of Economics and Business, vol. 2006(6), pages 816-833.
    2. Camba-Méndez, Gonzalo & Garcí­a, Juan Angel & Rodriguez-Palenzuela, Diego, 2003. "Relevant economic issues concerning the optimal rate of inflation," Working Paper Series 278, European Central Bank.
    3. Nigel Grimwade, 2000. "Developments in the Economies of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 38(s1), pages 163-179, September.
    4. Nikolay Nenovsky & Kalin Hristov, 2001. "Official Eurozation of Bulgaria: Pluses and Minuses," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 64-80.
    5. Iikka Korhonen & Mare Randveer, 2015. "Assessment of the Euros's implications for European economic development," Bank of Estonia Working Papers wp2000-02, Bank of Estonia, revised 03 Feb 2015.
    6. Kenny, Geoff & Meyler, Aidan & Quinn, Terry, 1998. "Bayesian VAR Models for Forecasting Irish Inflation," Research Technical Papers 4/RT/98, Central Bank of Ireland.
    7. Alberto Alonso & Vanesa Guzmán, 2014. "Monetary Union Viability: A Criterion Proposal," Metroeconomica, Wiley Blackwell, vol. 65(4), pages 717-750, November.
    8. Ronald MacDonald, 2000. "The role of the exchange rate in economic growth: a euro-zone perspective," Working Paper Research 09, National Bank of Belgium.
    9. Nigel Grimwade, 2001. "Developments in the Economies of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 39(s1), pages 157-174, September.
    10. Quinn, Terry & Kenny, Geoff & Meyler, Aidan, 1999. "Inflation Analysis: An Overview," Research Technical Papers 1/RT/99, Central Bank of Ireland.
    11. Todorov Ivan Krumov, 2014. "Macroeconomic Trends in the New Member Countries of the European Union Before the Euro Area Debt Crisis," Scientific Annals of Economics and Business, Sciendo, vol. 61(2), pages 197-217, December.
    12. Andersson, Malin & Masuch, Klaus & Schiffbauer, Marc, 2009. "Determinants of inflation and price level differentials across the euro area countries," Working Paper Series 1129, European Central Bank.
    13. Nigel Grimwade, 1999. "Developments in the Economies of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 37(s1), pages 135-153, September.
    14. Nigel Grimwade, 2002. "Developments in the Economies of the European Union," Journal of Common Market Studies, Wiley Blackwell, vol. 40(s1), pages 157-172, September.
    15. Vladislav Flek & Lenka Markova & Jiri Podpiera, 2002. "Sectoral Productivity and Real Exchange Rate Appreciation: Much Ado about Nothing?," Working Papers 2002/04, Czech National Bank.
    16. Dubravko Mihaljek & Marc Klau, 2008. "Catching-up and inflation in transition economies: the Balassa-Samuelson effect revisited," BIS Working Papers 270, Bank for International Settlements.
    17. Bulir, Ales & Hurnik, Jaromir, 2006. "The Maastricht inflation criterion: How unpleasant is purgatory?," Economic Systems, Elsevier, vol. 30(4), pages 385-404, December.
    18. Ales Bulir & Jaromir Hurnik, 2006. "The Maastricht Inflation Criterion: "Saints" and "Sinners"," Working Papers 2006/8, Czech National Bank.
    19. Lukasz Rawdanowicz, 2008. "The enlargement of the euro area: differences in relative inflation," International Review of Applied Economics, Taylor & Francis Journals, vol. 22(5), pages 623-638.
    20. Horváth, Ágnes & Szalai, Zoltán, 2001. "A kevésbé fejlett EU-tagországok konvergenciájának tapasztalatai [The convergence experiences of less-developed EU member-countries]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(7), pages 640-658.
    21. Carla Massidda & Paolo Mattana, 2008. "Regional productivity and relative prices dynamics: the case of Italy," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 42(4), pages 945-966, December.
    22. Lojschová, Adriana, 2003. "Estimating the Impact of the Balassa-Samuelson Effect in Transition Economies," Economics Series 140, Institute for Advanced Studies.
    23. Martin Wagner & Jaroslava Hlouskova, 2004. "What's Really the Story with this Balassa-Samuelson Effect in the CEECs?," Diskussionsschriften dp0416, Universitaet Bern, Departement Volkswirtschaft.
    24. João Rebelo Barbosa & Rui Henrique Alves, 2011. "Divergent competitiveness in the eurozone and the optimum currency area theory," FEP Working Papers 436, Universidade do Porto, Faculdade de Economia do Porto.
    25. Dubravko Mihaljek & Marc Klau, 2003. "The Balassa-Samuelson effect in central Europe: a disaggregated analysis," BIS Working Papers 143, Bank for International Settlements.
    26. Lenarčič, Črt & Masten, Igor, 2020. "Is there a Harrod-Balassa-Samuelson effect? New panel data evidence from 28 European countries," MPRA Paper 100647, University Library of Munich, Germany.
    27. Brandmeier, Michael, 2006. "Reasons for real appreciation in Central Europe," University of Göttingen Working Papers in Economics 55, University of Goettingen, Department of Economics.

  36. Enrique Alberola & Juan Ayuso & J. David López-Salido, 1997. "When May Peseta Depreciations Fuel Inflation?," Working Papers 9719, Banco de España.

    Cited by:

    1. Robert J. Gordon, 2000. "The Aftermath of the 1992 ERM Breakup: Was There a Macroeconomic Free Lunch?," NBER Chapters, in: Currency Crises, pages 241-282, National Bureau of Economic Research, Inc.

  37. Enrique Alberola & Pierfederico Asdrubali, 1997. "How Do Countries Smooth Regional Disturbances? Risksharing in Spain: 1973-1993," Working Papers 9724, Banco de España.

    Cited by:

    1. Burriel, Pablo & Chronis, Panagiotis & Freier, Maximilian & Hauptmeier, Sebastian & Reiss, Lukas & Stegarescu, Dan & Van Parys, Stefan, 2020. "A fiscal capacity for the euro area: lessons from existing fiscal-federal systems," Occasional Paper Series 239, European Central Bank.
    2. Lukas Reiss, 2021. "Fiscal Risk Sharing and Redistribution Between Austrian States," WIFO Working Papers 629, WIFO.
    3. Enrique Alberola & José Manuel Marqués, 2001. "On the Evolution of Relative Prices and Its Nature at the Regional Level: The Case of Spain," Journal of Regional Science, Wiley Blackwell, vol. 41(3), pages 451-474, August.
    4. Luca Rossi, 2021. "Revisiting the Case for a Fiscal Union: the Federal Fiscal Channel of Downside-Risk Sharing in the United States," Temi di discussione (Economic working papers) 1351, Bank of Italy, Economic Research and International Relations Area.
    5. Fiorelli, Cristiana & Giannini, Massimo & Martini, Barbara, 2022. "Private and public risk sharing across Italian regions," Journal of Macroeconomics, Elsevier, vol. 74(C).

Articles

  1. Enrique Alberola & Yavuz Arslan & Gong Cheng & Richhild Moessner, 2021. "Fiscal response to the COVID‐19 crisis in advanced and emerging market economies†," Pacific Economic Review, Wiley Blackwell, vol. 26(4), pages 459-468, October.

    Cited by:

    1. Nguyen Ngoc Thach, 2023. "Applying Monte Carlo Simulations to a Small Data Analysis of a Case of Economic Growth in COVID-19 Times," SAGE Open, , vol. 13(2), pages 21582440231, June.
    2. AlQershi, Nagwan & Saufi, Roselina Binti Ahmad & Ismail, Noor Azizi & Mohamad, Mohd Rosli Bin & Ramayah, T. & Muhammad, Nik Maheran Nik & Yusoff, Mohd Nor Hakimin Bin, 2023. "The moderating role of market turbulence beyond the Covid-19 pandemic and Russia-Ukraine crisis on the relationship between intellectual capital and business sustainability," Technological Forecasting and Social Change, Elsevier, vol. 186(PB).
    3. Fangfang Liu & Zheng Ma & Ziqing Wang & Shaobo Xie, 2022. "Trade-Off between COVID-19 Pandemic Prevention and Control and Economic Stimulus," IJERPH, MDPI, vol. 19(21), pages 1-22, October.
    4. Hanmin Dong & Xiujie Tan & Si Cheng & Yishuang Liu, 2023. "COVID-19, recovery policies and the resilience of EU ETS," Economic Change and Restructuring, Springer, vol. 56(5), pages 2965-2991, October.
    5. Adam Elbourne & Giulia Piccillo & Konstantinos Velentzas, 2023. "Extraordinary Measures: The Role of Debt Levels in Fiscal Policy Responses to Covid-19," CESifo Working Paper Series 10852, CESifo.

  2. Alberola, Enrique & Estrada, Ángel & Viani, Francesca, 2020. "Global imbalances from a stock perspective: The asymmetry between creditors and debtors," Journal of International Money and Finance, Elsevier, vol. 107(C).
    See citations under working paper version above.
  3. Alberola, Enrique & Urrutia, Carlos, 2020. "Does informality facilitate inflation stability?," Journal of Development Economics, Elsevier, vol. 146(C).
    See citations under working paper version above.
  4. Enrique Alberola & Iván Kataryniuk & Ángel Melguizo & René Orozco, 2018. "Fiscal Policy and the Cycle in Latin America: the Role of Financing Conditions and Fiscal Rules," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 36(85), pages 101-116, April.
    See citations under working paper version above.
  5. Alberola, Enrique & Benigno, Gianluca, 2017. "Revisiting the commodity curse: A financial perspective," Journal of International Economics, Elsevier, vol. 108(S1), pages 87-106.
    See citations under working paper version above.
  6. Alberola, Enrique & Erce, Aitor & Serena, José Maria, 2016. "International reserves and gross capital flows dynamics," Journal of International Money and Finance, Elsevier, vol. 60(C), pages 151-171.
    See citations under working paper version above.
  7. Enrique Alberola & Ángel Estrada & Daniel Santabárbara, 2014. "Growth and imbalances in Spain: a reassessment of the output gap," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 5(2), pages 333-356, August.

    Cited by:

    1. Mr. Helge Berger & Mr. Thomas Dowling & Mr. Sergi Lanau & Mr. Mico Mrkaic & Mr. Pau Rabanal & Marzie Taheri Sanjani, 2015. "Steady as She Goes—Estimating Potential Output During Financial “Booms and Busts”," IMF Working Papers 2015/233, International Monetary Fund.
    2. Juan Jimeno & Tano Santos, 2014. "The crisis of the Spanish economy," SERIEs: Journal of the Spanish Economic Association, Springer;Spanish Economic Association, vol. 5(2), pages 125-141, August.
    3. Roumeen Islam, 2017. "Growth after Crisis in Europe: An Interdependence of Macroeconomic and Structural Policies," Cyprus Economic Policy Review, University of Cyprus, Economics Research Centre, vol. 11(2), pages 19-62, December.
    4. Enrique Alberola & Rocio Gondo & Marco Lombardi & Diego Urbina, 2017. "Output gaps and stabilisation policies in Latin America: The effect of commodity and capital flow cycles," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, vol. 35(82), pages 40-52, April.

  8. Enrique Alberola & Fernando Gutiérrez del Arroyo, 2009. "Crisis económica y financiera, respuestas de política y su impacto sobre las finanzas públicas. Una perspectiva global," Boletín Económico, Banco de España, issue MAY, pages 85-106, Mayo.

    Cited by:

    1. Daniel Garrote & Jimena Llopis & Javier Vallés, 2013. "Los canales del desapalancamiento del sector privado: una comparación internacional," Occasional Papers 1302, Banco de España.

  9. Enrique Alberola & José María Serena, 2008. "Reserves, Sovereign Wealth Funds and the Resilience of Global Imbalances," Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 37(3), pages 315-343, November.

    Cited by:

    1. Luigi Bonatti & Andrea Fracasso, 2009. "The evolution of the Sino-American Co-dependency: modelling a regime switch in a growth setting," Department of Economics Working Papers 0905, Department of Economics, University of Trento, Italia.
    2. Md Harun Or Rosid & Zhao Xuefeng & Sujan Chandra Paul & Md Reza Sultanuzzaman, 2020. "The macroeconomic determinants of cross-country efficiency in wealth maximization: A joint analysis through the SFA and GMM models," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 9(6), pages 91-107, October.

  10. Enrique Alberola & Daniel Navia, 2008. "Equilibrium Exchange Rates in New EU Members: External Imbalances versus Real Convergence," Review of Development Economics, Wiley Blackwell, vol. 12(3), pages 605-619, August.

    Cited by:

    1. Fakhri J. Hasanov & Noha Razek, 2023. "Oil and Non-Oil Determinants of Saudi Arabia’s International Competitiveness: Historical Analysis and Policy Simulations," Sustainability, MDPI, vol. 15(11), pages 1-39, June.
    2. Przystupa, Jan, 2009. "Approaching a problem of the long-run real equilibrium exchange rate of Polish zloty while entering the ERM-2 and Euro zone," MPRA Paper 19549, University Library of Munich, Germany.
    3. Lopcu, Kenan & Dülger, Fikret & Burgaç, Almıla, 2013. "Relative productivity increases and the appreciation of the Turkish lira," Economic Modelling, Elsevier, vol. 35(C), pages 614-621.

  11. Enrique Alberola & Manuel Montero, 2006. "Debt Sustainability and Procyclical Fiscal Policies in Latin America," Economía Journal, The Latin American and Caribbean Economic Association - LACEA, vol. 0(Fall 2006), pages 157-193, August.
    See citations under working paper version above.
  12. Enrique Alberola & Luis Molina, 2003. "What Does Really Discipline Fiscal Policy in Emerging Markets?: the Role and Dynamics of Exchange Rate Regimes," Money Affairs, CEMLA, vol. 0(2), pages 165-192, July-Dece.
    See citations under working paper version above.
  13. Enrique Alberola & José M. González Mínguez & Pablo Hernández de Cos & José M. Marqués, 2003. "How cyclical do cyclically-adjusted balances remain? An EU study," Hacienda Pública Española / Review of Public Economics, IEF, vol. 166(3), pages 151-181, September.
    See citations under working paper version above.
  14. Enrique Alberola & Humberto López, 2001. "Internal and external exchange rate equilibrium in a cointegration framework. An application to the Spanish peseta," Spanish Economic Review, Springer;Spanish Economic Association, vol. 3(1), pages 23-40.
    See citations under working paper version above.
  15. Enrique Alberola & José Manuel Marqués, 2001. "On the Evolution of Relative Prices and Its Nature at the Regional Level: The Case of Spain," Journal of Regional Science, Wiley Blackwell, vol. 41(3), pages 451-474, August.

    Cited by:

    1. Zsuzsanna Zsibók & Balázs Varga, 2012. "Inflation Persistence in Hungary: a Spatial Analysis," Working Papers 1203, Department of Mathematical Economics and Economic Analysis, Corvinus University of Budapest.
    2. Alejandro C. García-Cintado & Diego Romero-Ávila & Carlos Usabiaga, 2016. "The economic integration of Spain: a change in the inflation pattern," Latin American Economic Review, Springer;Centro de Investigaciòn y Docencia Económica (CIDE), vol. 25(1), pages 1-41, December.
    3. Laureti Tiziana & Polidoro Federico, 2022. "Using Scanner Data for Computing Consumer Spatial Price Indexes at Regional Level: An Empirical Application for Grocery Products in Italy," Journal of Official Statistics, Sciendo, vol. 38(1), pages 23-56, March.
    4. Ramon Tremosa-i-Balcells & Joan Costa-i-Font, "undated". "The "relative competitiveness" patterns of Spanish regions after the European Monetary Union (1999-2002)," Studies on the Spanish Economy 169, FEDEA.
    5. Joan Costa-i-Font & Ramon Tremosa-i-Balcells, "undated". "Spanish Regions and the Macroeconomic Benefits of European Monetary Union (EMU)," Studies on the Spanish Economy 89, FEDEA.
    6. Jana Kramulová & Petr Musil, 2013. "Experimentální odhad složek výdajové metody regionálního HDP v ČR [Experimental Estimate of Components of Expenditure Approach to Regional GDP in the Czech Republic]," Politická ekonomie, Prague University of Economics and Business, vol. 2013(6), pages 814-833.

  16. Enrique Alberola & Juan Ayuso & J. David Lopez-Salido, 2000. "When may depreciations fuel inflation? An application to the Spanish case," Applied Economics, Taylor & Francis Journals, vol. 32(8), pages 1037-1049.

    Cited by:

    1. Mr. Ashok Bhundia, 2002. "An Empirical Investigation of Exchange Rate Pass-Through in South Africa," IMF Working Papers 2002/165, International Monetary Fund.

  17. Enrique Alberola, 2000. "Interpreting inflation differentials in the euro area," Economic Bulletin, Banco de España, issue APR, pages 61-70, April.

    Cited by:

    1. Nikolay Nenovsky & Kalin Hristov, 2001. "Official Eurozation of Bulgaria: Pluses and Minuses," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 64-80.
    2. Filippo Altissimo & Pierpaolo Benigno & Diego Palenzuela, 2011. "Inflation Differentials in a Currency Area: Facts, Explanations and Policy," Open Economies Review, Springer, vol. 22(2), pages 189-233, April.
    3. C.J.M. Kool, 2005. "What Drives ECB Monetary Policy?," Working Papers 05-03, Utrecht School of Economics.
    4. Giorgio Canarella & Stephen Miller & Stephen Pollard, 2011. "The Global Financial Crisis and Stochastic Convergence in the Euro Area," International Advances in Economic Research, Springer;International Atlantic Economic Society, vol. 17(3), pages 315-333, August.
    5. Faia, Ester & Campolmi, Alessia, 2006. "Cyclical inflation divergence and different labor market institutions in the EMU," Working Paper Series 619, European Central Bank.
    6. Pilar Beneito & Carlos Cháfer, 2020. "Capital Inflows and Costs: The Role of the Euro," Open Economies Review, Springer, vol. 31(5), pages 977-1008, November.
    7. Pilar Beneito & Carlos Chafer, 2017. "Current Account Imbalances and Cost Competitiveness: The Role of the Euro," Working Papers 1703, Department of Applied Economics II, Universidad de Valencia.
    8. I. Arnold & C.J.M. Kool, 2004. "The Role of Inflation Differentials in Regional Adjustment: Evidence from the United States," Working Papers 04-13, Utrecht School of Economics.
    9. Angeloni Ignazio & Ehrmann Michael, 2007. "Euro Area Inflation Differentials," The B.E. Journal of Macroeconomics, De Gruyter, vol. 7(1), pages 1-36, August.
    10. Christian Proaño Acosta, 2007. "Inflation Differentials and Business Cycle Fluctuations in the European Monetary Union," IMK Working Paper 05-2007, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    11. David López-Salido & Fernando Restoy & Javier Vallés, 2005. "Inflation differentials in EMU: the Spanish case," Working Papers 0514, Banco de España.
    12. Marek Jarocinski, 2003. "Nominal and Real Convergence in Spain, Portugal and Greece During Their Accession to the EMU," CASE Network Studies and Analyses 0256, CASE-Center for Social and Economic Research.

  18. Enrique Alberola, 1999. "Is there scope for inflation differentials in EMU?," Economic Bulletin, Banco de España, issue JAN, pages 69-73, January.

    Cited by:

    1. Égert, Balázs, 2004. "Assessing equilibrium exchange rates in CEE acceding countries: can we have DEER with BEER without FEER? A critical survey of the literature," BOFIT Discussion Papers 1/2004, Bank of Finland Institute for Emerging Economies (BOFIT).
    2. José García Solanes & Fernando Torrejón Flores, 2005. "Testing the BalassA-Samuelson hypothesis in two different groups of countries: OECD and Latin America," Working Papers 05-02, Asociación Española de Economía y Finanzas Internacionales.
    3. Bergin, Paul R., 2003. "A model of relative national price levels under pricing to market," European Economic Review, Elsevier, vol. 47(3), pages 569-586, June.
    4. Stephen Cecchetti & Nelson C. Mark & Robert Sonora, 1999. "Price Level Convergence Among United States Cities: Lessons for the European Central Bank," Working Papers 99-01, Ohio State University, Department of Economics.
    5. Wagner, Martin, 2005. "The Balassa-Samuelson Effect in 'East & West'. Differences and Similarities," Economics Series 180, Institute for Advanced Studies.

Chapters

  1. Enrique Alberola & Gianluca Benigno, 2016. "Revisiting the Commodity Curse: A Financial Perspective," NBER Chapters, in: NBER International Seminar on Macroeconomics 2016, National Bureau of Economic Research, Inc.
    See citations under working paper version above.
  2. Paloma Acevedo & Enrique Alberola & Carmen Broto, 2008. "Local debt expansion and vulnerability reduction: an assessment for six crisis-prone countries," BIS Papers chapters, in: Bank for International Settlements (ed.), New financing trends in Latin America: a bumpy road towards stability, volume 36, pages 88-109, Bank for International Settlements.

    Cited by:

    1. Myriam Quispe-Agnoli & Camilo E. Tovar, 2008. "New financing trends in Latin America : an overview of selected issues and policy challenges," Economic Review, Federal Reserve Bank of Atlanta, vol. 93(3).
    2. Anne-Charlotte Paret, 2017. "Debt sustainability in emerging market countries: Some policy guidelines from a fan-chart approach," Post-Print hal-01590005, HAL.
    3. Camilo E Tovar & Myriam Quispe-Agnoli, 2008. "New financing trends in Latin America," BIS Papers chapters, in: Bank for International Settlements (ed.), New financing trends in Latin America: a bumpy road towards stability, volume 36, pages 1-14, Bank for International Settlements.

Books

  1. Christopher Adam & Enrique Alberola-Ila & Albert Pierres Tejada, 2022. "Covid-19 and the monetary-fiscal policy nexus in Africa," BIS Papers, Bank for International Settlements, number 121.

    Cited by:

    1. Lahlou, Kamal & Hajjaji , Saida, 2022. "Les déterminants de l’effort de relance en réponse à la crise de Covid-19," Document de travail 2022-4, Bank Al-Maghrib, Département de la Recherche.

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