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- W2182019920 abstract "Applying a simultaneous equation model incorporating the monetary policy reaction function and the interactive dummy variable technique, this paper finds that real GDP and the expected real effective exchange rate exhibit a V-shaped relationship, suggesting that expected real depreciation raises real output during early years whereas expected real appreciation increases real output in recent years. Hence, recent real appreciation of the euro would work in favor of France. Other findings are that a higher government debt ratio, a higher real stock price, a higher real EU interest rate, and a lower expected inflation rate would increase real output for France." @default.
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- W2182019920 date "2009-01-01" @default.
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- W2182019920 title "Test of a V-Shaped Relationship between the Expected Real Effective Exchange Rate and Real Output: The Case of France" @default.
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