Real Exchange Rates
Persistent Real Exchange Rates
... the real exchange rate volatility in the ...generates real exchange rates that are somewhat less persistent and less volatile than those reported in row ...in exchange rate ...
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Democratization and real exchange rates
... induces exchange rate ...between real exchange rate stability and ...in real exchange rates reduces incentives for competitive devaluations and beggar-thy-neighbour policies, and ...
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Household heterogeneity and real exchange rates
... Typical incomplete markets models in international economics make two assumptions. First, house- holds are not able to fully insure themselves against country-specific shocks. Second, there is a representative household ...
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Real Exchange Rates in Transition Economies
... on real exchange rates relies upon the division of commodities into tradables and non- tradables, it is almost impractical to construct these two groups of commodities in ...
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Explaining Real Exchange Rates Fluctuations
... policies, real exchange rates in some accession economies could be driven mostly by real shocks, while in others they could be driven mostly by nominal ...the real exchange rate ...
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Climate Change and Real Exchange Rates
... Abstract This paper studies the response of monthly U.S. dollar (USD) real exchange rates of 76 countries to global climate shocks. Responses are first estimated by local projections. In the second ...
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Foreign Exchange Intervention and Equilibrium Real Exchange Rates
... the exchange rates of the domestic currencies of the six economies against the US$ are ...the real exchange rates against the US$ is based on the argument that the US$ functioned as a ...
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Real Exchange Rates in a Model of Structural Change: Applications to the Real Yen-Dollar and Chinese RMB-Dollar Exchange Rates
... RMB-dollar real exchange rates, in which we take into account the shifts in production and trade between Japan and the ...RMB-dollar real exchange rates relates to di¤erence in ...
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Consumption and Real Exchange Rates in Professional Forecasts
... and real exchange ...growth rates under the same simulations as figure ...ex-post real exchange rate ...or real exchange rate ...and real exchange rate ...
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Real Exchange Rates, Saving and Growth: Is there a Link?
... the real exchange rate is explicitly used as an instrument of development ...the real exchange rate and saving rate are both endogenous variables, and the correlation between them reflects the ...
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Real Exchange Rates and Foreign Portfolio Investment
... of real exchange rates is a fundamental puzzle of inter- national economics, and these features are even more pronounced in developing ...purely real model in which foreign investors finance ...
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Estimating Equilibrium Real Exchange Rates of the Rupiah
... in exchange rates, what is the equilibrium of the exchange rates? This question is not unreasonable considering the important roles of the real exchange rate in adjustment ...the ...
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Sticky prices and sectoral real exchange rates
... of real exchange rates is that they are the result of nominal shocks in an economy with sticky goods ...good-level real exchange ...its real exchange rate, but the theory ...
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Why PPP Real Exchange Rates Mislead
... PPP real exchange rates and their standard errors were based on OLS estimates of equations 6 and 8, and were made with the variables in both level form and first ...the real exchange ...
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Persistence in Turkish Real Exchange Rates: Panel Approaches
... I used monthly data for the period 1984.01-2001.06 and constructed a panel of 17 bilateral CPI-based real exchange rates corresponding to Turkey’s main trading partners for which complete data were ...
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Real Exchange Rates and Productivity: Evidence From Asia
... for real exchange rate misalignment prior to the Asian …nancial ...measuring real exchange rate mis- alignment is that, since the real exchange rate is cointegrated with the ...
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Real Exchange Rates and Productivity: Evidence From Asia
... for real exchange rate misalignment prior to the Asian …nancial ...measuring real exchange rate mis- alignment is that, since the real exchange rate is cointegrated with the ...
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Macroeconomic Determinants of Real Exchange Rates
... The value of the exchange rate at one point in time, t(O), given income, the domestic price level, and other real variables, may yield a nonzero balance on current account.. With flexibl[r] ...
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The Eurozone’s Equilibrium Real Exchange Rates
... equilibrium real exchange rate is the one of the key concepts in the macroeconomic and policy ...the real exchange rate misalignments are per- ceived to be the causes of the loss of a ...
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The Impact of Real and Nominal Shocks on Australian Real Exchange Rates
... Real shocks such as a favourable productivity shock in the traded goods sector or an increase in the real price of exports leads to excess demand for non-traded goods at consta[r] ...
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