Thesiss

In this thesis, the trade balance-exchange rate relationship is examined, using the multivariate cointegration and error-correction methodology for the industrial countries during the floating exchange rate period. With regard to theory, an improved version of the Imperfect Subs…

It has been observed that following a depreciation of the real exchange rate, a country's trade balance may immediately deteriorate in the short run before showing any positive long run effects. This phenomenon is referred to as the J-curve hypothesis in the literature. Previous…

This dissertation is an empirical study of the effects of exchange rate changes on economic activities in the CFA Franc Zone. Specifically, this study uses three econometric methodologies to investigate the responses of the trade balance and output to changes in the exchange rat…

This dissertation is comprised of three chapters in applied open-economy macroeconomics. The first chapter examines the autonomy of domestic monetary policy in the context of the renowned macroeconomic policy trilemma in open economies. The contribution is in using a time-varyin…

Balanced budget in Indonesia means there is no deliberate and persistent domestic monetary financing, and describes official foreign borrowing to finance the deficit as foreign "revenue". This policy in Indonesia has always been associated with the government's determination to …