Exploring the relationship between exchange rate dynamics and trade competitiveness of Ukraine
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Date
2023
Authors
Mordas, Olena
Slaviuk, Nataliia
Journal Title
Journal ISSN
Volume Title
Publisher
Kyiv-Mohyla Academy Publishing House
Abstract
The main relationship between exchange rate dynamics and trade competitiveness of Ukraine is represented by Vector Autoregressive model (VAR). This model is based on the reproduction of the dynamics of the time series based on its historical values, and long-term memory of series. Thus, a feature of these models is a high empirical level. Since it was important to investigate the short-term forecast and analyze the relationships between the variables, therefore, the VAR model was chosen. Let's move on to the first stage of building the model - data selection and preparation.
Description
Keywords
exchange rate, competitiveness, cointegration relationship, Prob Joint, shock in inflation (CPI), monograph section
Citation
Mordas O. S. Exploring the relationship between exchange rate dynamics and trade competitiveness of Ukraine / [Mordas Olena, Slaviuk Nataliia] // Financial Policy of Ukraine for the Maintenance of Macroeconomic Stability : the collective monograph / [Lukianenko I., Galytska E., Primierova O. et al. ; general editor Lukianenko I.] ; National University of Kyiv-Mohyla Academy. - Kyiv : Kyiv-Mohyla Academy Publishing House, 2023. - Chapter 3.3. - P. 122-133.