Recent Submissions

  • Price determination in Ireland - effects of changes in exchange-rates and exchange-rate regimes 

    Callan, Tim; Fitzgerald, John (Economic and Social Research Institute, Dublin, 1989)
    This paper finds that the wholesale price of Irish manufacturing output is closely tied to foreign prices in the long run; domestic wage costs generally do not exert a significant influence. In the short run changes in ...
  • Real exchange-rates, co-integration and purchasing power parity - Irish experience in the EMS 

    Thom, R (Economic and Social Research Institute, Dublin, 1989)
    Dickey-Fuller and Co-Integration techniques are used to test the hypothesis that co-movements in Irish nominal exchange rates and relative prices are consistent with the implications of Purchasing Power Parity. The data ...
  • The achievements of the European Monetary System 

    Artis, Michael J.; Taylor, Mark P. (Economic and Social Research Institute, Dublin, 1989)
    This paper attempts to provide some answers to a number of related questions: Has the EMS reduced (real or nominal, bilateral or effective) exchange rate volatility? If so, has this been at the expense of increased interest ...
  • A systems-approach to modeling the EMS exchange-rate mechanism 

    Bewley, R; Kearney, C (Economic and Social Research Institute, Dublin, 1989)
    This paper examines the extent to which the EMS has succeeded in stablising intra-European exchange rates from external influences. It generalises earlier results by developing a systems approach to the problem which enables ...
  • Is the EMS a DM zone - evidence from the realignments 

    Honohan, P; McNellis, P (Economic and Social Research Institute, Dublin, 1989)
    Most analysis of the relative importance of different countries in the EMS has focused on the interaction of monetary policies. This paper addresses more directly the interdependence of exchange markets. Guided by the ...

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