Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/61420 
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dc.contributor.authorBelke, Ansgaren
dc.contributor.authorGöcke, Matthiasen
dc.contributor.authorGünther, Martinen
dc.date.accessioned2012-08-24-
dc.date.accessioned2012-08-27T12:53:16Z-
dc.date.available2012-08-27T12:53:16Z-
dc.date.issued2012-
dc.identifier.urihttp://hdl.handle.net/10419/61420-
dc.description.abstractA non-linear model is applied where suddenly strong spurts of exports occur when changes of the exchange rate go beyond a zone of inaction. We call the latter a play area - analogous to mechanical play and implement an algorithm describing path-dependent playhysteresis into a regression framework. The hysteretic impact of real exchange rates on German exports is then estimated based on quarterly data from 1995Q1 to 2010Q3. For some of the main export partners of Germany outside the euro area and some of the most important tradable sectors we find significant hysteretic effects for a part of the German exports.en
dc.language.isoengen
dc.publisher|aDeutsches Institut für Wirtschaftsforschung (DIW) |cBerlinen
dc.relation.ispartofseries|aDIW Discussion Papers |x1203en
dc.subject.jelF14en
dc.subject.jelC51en
dc.subject.ddc330en
dc.subject.keywordexchange rate movementsen
dc.subject.keywordplay-hysteresisen
dc.subject.keywordmodelling techniquesen
dc.subject.keywordswitching/spline regressionen
dc.subject.keywordexport demanden
dc.titleExchange rate bands of inaction and play-hysteresis in German exports: Sectoral evidence for some OECD destinations-
dc.typeWorking Paperen
dc.identifier.ppn72223466Xen
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen
dc.identifier.repecRePEc:diw:diwwpp:dp1203en

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