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  1. The impacts of the dollar-renminbi exchange rate misalignment on the China-United States commodity trade
    an asymmetric analysis
    Autor*in: Ferjani, Sabrine; Saafi, Sami; Nouira, Ridha; Rault, Christophe
    Erschienen: April 2022
    Verlag:  CESifo, Center for Economic Studies & Ifo Institute, Munich, Germany

    Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric... mehr

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    Verlag (kostenfrei)
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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 63
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    keine Fernleihe

     

    Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the January 2002-October 2020 period from 66 two-digit industries that trade between China and the U.S. in order to avoid the well-known aggregation bias. Estimates of symmetric error-correction models (ECM) revealed that real dollar-renminbi rate misalignment has short-run effects on 35 U.S. exporting and 53 U.S. importing industries. These short-run effects translated into the long run in 18 and 17 industries, respectively. The numbers increased considerably when estimating asymmetric ECM. Indeed, short-run asymmetric effects were then found in 47 U.S. exporting and 62 U.S. importing industries, which translated into long-run asymmetric effects in 20 U.S. exporting and 21 U.S. importing industries. Our analysis highlights the importance of separating currency overvaluation from currency undervaluation in assessing the effects of the RE misalignment on trade flows between the U.S. and China and confirms that the impacts are industry specific. Our findings (robust to possible structural breaks) are useful for trading industries, and policymakers, and advocate accounting for asymmetries when examining the RE misalignment-trade flows nexus.

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/260836
    Schriftenreihe: CESifo working paper ; no. 9706 (2022)
    Schlagworte: asymmetry; nonlinear ARDL; exchange rate misalignment; commodity trade; China; the United States
    Umfang: 1 Online-Ressource (circa 49 Seiten)
  2. Misinformation due to asymmetric information sharing
    Autor*in: Buechel, Berno; Klößner, Stefan; Meng, Fanyuan; Nassar, Anis
    Erschienen: [2022]
    Verlag:  University of Fribourg, Switzerland, Faculty of Management, Economics and Social Sciences, Fribourg

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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    VS 263
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: Working papers SES / Université de Fribourg, Faculté des sciences économiques et sociales et du management ; n. 528 (VI. 2022)
    Schlagworte: Misinformation; asymmetry; social networks; social learning; opinion dynamics; echo chambers
    Umfang: 1 Online-Ressource (circa 58 Seiten), Illustrationen
  3. Exploring correlations between aggregate demand and supply shocks in India
    Autor*in: Goyal, Ashima; Ray, Sritama
    Erschienen: March 2022
    Verlag:  Indira Gandhi Institute of Development Research, Mumbai

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    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
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    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Schriftenreihe: [WP series / Indira Gandhi Institute of Development Research] ; WP-2022, 004
    Schlagworte: Correlated demand and supply shocks; asymmetry; monetary policy; horizontal andvertical supply curves; India; structural VAR
    Umfang: 1 Online-Ressource (circa 30 Seiten), Illustrationen
  4. Option-Implied Asymmetry and Market Returns
    Autor*in: O'Sullivan, Conall; Wang, Yan
    Erschienen: 2022
    Verlag:  SSRN, [S.l.]

    We propose a novel method to estimate risk-neutral quantiles that uses sorting to minimize an objective function given by a convex combination of call and put option prices over the range of available strike prices. We demonstrate that this new... mehr

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    Standort:
    Helmut-Schmidt-Universität, Universität der Bundeswehr Hamburg, Universitätsbibliothek
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    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Fernleihe:
    keine Fernleihe

     

    We propose a novel method to estimate risk-neutral quantiles that uses sorting to minimize an objective function given by a convex combination of call and put option prices over the range of available strike prices. We demonstrate that this new method significantly improves the accuracy of quantile estimates relative to existing approaches. We use the method to estimate a novel risk-neutral quantile-based asymmetry measure (RNA) from S&P 500 index options. In contrast to existing risk-neutral skewness measures, we find that RNA is significantly negatively linked to future market excess returns at horizons ranging from one to twelve weeks. Our findings suggest that ex-ante systematic asymmetry does matter when predicting excess market returns

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    Schriftenreihe: Michael J. Brennan Irish Finance Working Paper Series Research Paper ; No. 22-12
    Schlagworte: Model-free quantiles; asymmetry; skewness; forecasting; equity risk premium
    Umfang: 1 Online-Ressource (84 p)
    Bemerkung(en):

    Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments November 30, 2022 erstellt
  5. The impacts of the dollar-renminbi exchange rate misalignment on the China-United States commodity trade
    an asymmetric analysis
    Autor*in: Ferjani, Sabrine; Saafi, Sami; Nouira, Ridha; Rault, Christophe
    Erschienen: April 2022
    Verlag:  IZA - Institute of Labor Economics, Bonn, Germany

    Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric... mehr

    Zugang:
    Verlag (kostenfrei)
    Verlag (kostenfrei)
    Resolving-System (kostenfrei)

    Standort:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signatur:
    DS 4
    Fernleihe:
    keine Fernleihe

     

    Contrary to most existing studies of the literature that assumed that the effects of real exchange rate (RE) misalignment on trade flows are symmetric, this paper considers a more general and realistic framework allowing for possible asymmetric effects. We use monthly time-series data over the January 2002-October 2020 period from 66 two-digit industries that trade between China and the U.S. in order to avoid the well-known aggregation bias. Estimates of symmetric error-correction models (ECM) revealed that real dollar-renminbi rate misalignment has short-run effects on 35 U.S. exporting and 53 U.S. importing industries. These short-run effects translated into the long run in 18 and 17 industries, respectively. The numbers increased considerably when estimating asymmetric ECM. Indeed, short-run asymmetric effects were then found in 47 U.S. exporting and 62 U.S. importing industries, which translated into long-run asymmetric effects in 20 U.S. exporting and 21 U.S. importing industries. Our analysis highlights the importance of separating currency overvaluation from currency undervaluation in assessing the effects of the RE misalignment on trade flows between the U.S. and China and confirms that the impacts are industry specific. Our findings (robust to possible structural breaks) are useful for trading industries, and policymakers, and advocate accounting for asymmetries when examining the RE misalignment-trade flows nexus.

     
    Export in Literaturverwaltung   RIS-Format
      BibTeX-Format
    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    hdl: 10419/263451
    Schriftenreihe: Discussion paper series / IZA ; no. 15235
    Schlagworte: asymmetry; nonlinear ARDL; exchange rate misalignment; commodity trade; China; the United States
    Umfang: 1 Online-Ressource (circa 49 Seiten)
  6. Co-Production of Knowledge and Dialogue: A Reflective Analysis of the Space Between Academic and Lay Co-Researchers in the Early Stages of the Research Process
    Autor*in: Köppen, Marilena von; Kümpers, Susanne; Hahn, Daphne
    Erschienen: 2022
    Verlag:  SSOAR, GESIS – Leibniz-Institut für Sozialwissenschaften e.V., Mannheim

    Abstract: Co-production of knowledge, where academic and lay researchers work as partners, is a central characteristic of participatory action research. It requires the participants to engage in a transformative dialogue. But how can co-production of... mehr

     

    Abstract: Co-production of knowledge, where academic and lay researchers work as partners, is a central characteristic of participatory action research. It requires the participants to engage in a transformative dialogue. But how can co-production of knowledge function in the care home setting? We addressed this question in a specific interaction between academic and lay researchers in an action research project sited in a nursing home in Germany. Drawing on Paulo FREIRE and Mikhail BAKHTIN, we developed seven dialogue criteria and applied them as sensitizing concepts. In order to further a critical analysis, in our data analysis we combined three methodical approaches: 1. analytical autoethnography, 2. sequential analysis in the tradition of objective hermeneutics, and 3. reflection with critical friends. This innovative triangulation allowed for rich and complex interpretations. We found that all seven dialogue criteria are important to co-production of knowledge and should direct the proc

     
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    Quelle: Verbundkataloge
    Sprache: Englisch
    Medientyp: Buch (Monographie)
    Format: Online
    Weitere Identifier:
    DDC Klassifikation: Sozialwissenschaften (300)
    Weitere Schlagworte: Action Research; Asymmetrie; Co-Forschende; Critical Friends; Dialog; Forschungsbeziehungen; Koproduktion von Wissen; Sequenzanalyse; action research; analytical autoethnography; analytische Autoethnografie; asymmetry; co-production of knowledge; critical friends; dialogue; lay co-researchers; objective hermeneutics; objektive Hermeneutik; research relations; sequential analysis
    Umfang: Online-Ressource
    Bemerkung(en):

    Veröffentlichungsversion

    begutachtet (peer reviewed)

    In: Forum Qualitative Sozialforschung / Forum: Qualitative Social Research ; 23 (2022) 1