(1994): "Australia's real exchange rate: Is it explained by the terms of trade or by real interest differentials?" Economic Record, vol. 70, pp. 204-19.Gruen, David W.R., and Jenny Wilkinson, 1994. Australia's real exchange rate -Is it explained by the terms of trade of by real...
Australia's Real Exchange Rate – Is it Explained by the Terms of Trade or by Real Interest Differentials? Wilkinson (1994): "Australia's real exchange rate -Is it explained by the terms of trade or by real interest differentials?", Economic Record, vol. ... DWR Gruen,J Wilkinson - 《...
In both groups of countries, a strong link is found between real per capita GDP and the real exchange rate, and this relationship applies even more clearly between the two groups of countries.doi:10.1007/978-94-015-8185-1_12John F. Helliwell...
--University of Washington, 1998 In the first chapter heteroskedasticity of the real exchange rate is explained using a Markov-switching mechanism. Based on the decomposition of the US/UK real exchange rate into a permanent component and a transitory component, shocks to each component are posited...
How is the equilibrium real exchange rate determined in an open economy with restricted capital flows? Draw a diagram showing your reasoning.Exchange Rate:Exchange Rate refers to the value of the currency of one country or economy again...
This paper proposes a new, production theory approach to the determination of the real exchange rate, which is defined as the relative price of traded to nontraded goods as is common in the international trade literature. Using a Translog real GDI function that describes the aggregate technology ...
Second, we assess the impact that non‐fundamental variables have on the real exchange rate dynamics. Based on a reduced form model, we conclude that appreciation episodes, in the aftermath of the 2009 financial crisis, can be explained by two elements: (i) an improvement in fundamentals and ...
exchange rate misalignmentEmploying cointegration techniques, the long-run determinants of Madagascar's real exchange rate are examined from a stock-flow perspective. The long-run behavior of the real effective exchange rate is explained by the net foreign asset position and factors affecting trade ...
Real exchange rates under the gold standard: can they be explained by the trend break model? We investigate whether real exchange rates under the gold standard can be modeled as stationary around a broken trend. Using both conventional unit root an... Sarah,E.,Culver,... - 《Journal of In...
Engel (1999) transformed the empirical debate on the importance of nontradables for real exchange rate movements. Using CPI data from Canada, France, Germany, Italy, Japan, and the United States, he found no support for traditional theories as traded goods prices explained real exchange rate mov...