Aggregate and sector-specific exchange rate indexes for the Portuguese economy

Detalhes bibliográficos
Autor(a) principal: Alexandre, Fernando
Data de Publicação: 2009
Outros Autores: Bação, Pedro, Cerejeira, João, Portela, Miguel
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: https://hdl.handle.net/1822/12198
Resumo: In this paper, we compute and compare aggregate and sector-specific exchange rate indexes for the Portuguese economy. We find that alternative effective exchange rate indexes are very similar between them. We also find that sector-specific effective exchange rates are strongly correlated with aggregate indexes. Nevertheless, we show that sector-specific exchange rates are more informative than aggregate exchange rates in explaining changes in employment: whereas aggregate indexes are statistically insignificant in employment equations, regressions using sector-specific exchange rate indexes show a statistically significant and economically large effect of exchange rates on employment.
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spelling Aggregate and sector-specific exchange rate indexes for the Portuguese economyExchange ratesInternational tradeEmploymentEMUIn this paper, we compute and compare aggregate and sector-specific exchange rate indexes for the Portuguese economy. We find that alternative effective exchange rate indexes are very similar between them. We also find that sector-specific effective exchange rates are strongly correlated with aggregate indexes. Nevertheless, we show that sector-specific exchange rates are more informative than aggregate exchange rates in explaining changes in employment: whereas aggregate indexes are statistically insignificant in employment equations, regressions using sector-specific exchange rate indexes show a statistically significant and economically large effect of exchange rates on employment.Fundação para a Ciência e a Tecnologia (FCT)Universidade do MinhoAlexandre, FernandoBação, PedroCerejeira, JoãoPortela, Miguel2009-122009-12-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/1822/12198eng"Notas Económicas". ISSN 0872-4733. 30 (Dez. 2009) 6-28.0872-4733http://notas-economicas.fe.uc.pt/texts/ne030n0199.pdfinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:32:33Zoai:repositorium.sdum.uminho.pt:1822/12198Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:27:55.411157Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Aggregate and sector-specific exchange rate indexes for the Portuguese economy
title Aggregate and sector-specific exchange rate indexes for the Portuguese economy
spellingShingle Aggregate and sector-specific exchange rate indexes for the Portuguese economy
Alexandre, Fernando
Exchange rates
International trade
Employment
EMU
title_short Aggregate and sector-specific exchange rate indexes for the Portuguese economy
title_full Aggregate and sector-specific exchange rate indexes for the Portuguese economy
title_fullStr Aggregate and sector-specific exchange rate indexes for the Portuguese economy
title_full_unstemmed Aggregate and sector-specific exchange rate indexes for the Portuguese economy
title_sort Aggregate and sector-specific exchange rate indexes for the Portuguese economy
author Alexandre, Fernando
author_facet Alexandre, Fernando
Bação, Pedro
Cerejeira, João
Portela, Miguel
author_role author
author2 Bação, Pedro
Cerejeira, João
Portela, Miguel
author2_role author
author
author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Alexandre, Fernando
Bação, Pedro
Cerejeira, João
Portela, Miguel
dc.subject.por.fl_str_mv Exchange rates
International trade
Employment
EMU
topic Exchange rates
International trade
Employment
EMU
description In this paper, we compute and compare aggregate and sector-specific exchange rate indexes for the Portuguese economy. We find that alternative effective exchange rate indexes are very similar between them. We also find that sector-specific effective exchange rates are strongly correlated with aggregate indexes. Nevertheless, we show that sector-specific exchange rates are more informative than aggregate exchange rates in explaining changes in employment: whereas aggregate indexes are statistically insignificant in employment equations, regressions using sector-specific exchange rate indexes show a statistically significant and economically large effect of exchange rates on employment.
publishDate 2009
dc.date.none.fl_str_mv 2009-12
2009-12-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://hdl.handle.net/1822/12198
url https://hdl.handle.net/1822/12198
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv "Notas Económicas". ISSN 0872-4733. 30 (Dez. 2009) 6-28.
0872-4733
http://notas-economicas.fe.uc.pt/texts/ne030n0199.pdf
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
repository.mail.fl_str_mv
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