Show simple item record

dc.contributor.authorKim, Won Joong
dc.date.accessioned2014-03-04T01:10:10Z
dc.date.available2014-03-04T01:10:10Z
dc.date.issued2006-08
dc.identifier.otherkim_won-joong_200608_phd
dc.identifier.urihttp://purl.galileo.usg.edu/uga_etd/kim_won-joong_200608_phd
dc.identifier.urihttp://hdl.handle.net/10724/23425
dc.description.abstractIn this dissertation, we firstly analyze the exchange rate pass-through in two different ways. In the first essay, we investigate the exchange ratepass-through on U.S. import prices. In the second essay, we analyze the exchange rate pass-through on Korean export price. In the first essay, we show that the exchange rate pass-through on the U.S. import price is not only incomplete but also small. We also show that the exchange rate pass-through on U.S. import price is decreasing over time. Even though the sign of the shock-specific exchange rate pass-through is positive for the most of shocks, we show that the shock-specific exchange rate pass-through from the U.S. money supply shock is negative. We find that the exchange rate pass-through differs by different shocks, by durability, and by industry. In the second essay, we also show that the structural exchange rate pass-through on the Korean export price is very small. We find that the shock-specific exchange rate pass-through on the Korean export price is always positive, irrespective of the source of the shocks. We show that an increase in the exchange rate volatility will decrease the Korean export volume. The sign of the shock-specific exchange rate volatility pass-through on Korean export volume depends on the source of the shocks.
dc.languageeng
dc.publisheruga
dc.rightspublic
dc.subjectExchange rate pass-through
dc.subjectVector autoregressive (VAR)
dc.subjectPricing-to-market
dc.subjectDurable goods
dc.subjectImport price
dc.subjectExport price
dc.subjectExchange rate volatility
dc.subjectLiquidity effect
dc.subjectReal exchange rate
dc.subjectCurrent account.
dc.titleEmpirical essays on exchange rate dynamics and open-economy macroeconomics
dc.typeDissertation
dc.description.degreePhD
dc.description.departmentEconomics
dc.description.majorEconomics
dc.description.advisorWilliam D. Lastrapes
dc.description.committeeWilliam D. Lastrapes
dc.description.committeeChristopher M. Cornwell
dc.description.committeeSantanu Chatterjee


Files in this item

FilesSizeFormatView

There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record