An empirical analysis of real exchange rate movements in the euro
This study uses a long-run Structural Vector Autoregressive (SVAR) approach to identify the sources of real exchange rate fluctuations in the euro. The empirical results indicate that real shocks play a dominant role in explaining the real exchange rate fluctuations in the euro. This implies that the best approach for policymakers toward improving the competitiveness of the EU is to focus on improvements in the real economy, such as improvements in efficiency, technologies and productivity.
Year of publication: |
2011
|
---|---|
Authors: | Hamori, Shigeyuki ; Hamori, Naoko |
Published in: |
Applied Economics. - Taylor & Francis Journals, ISSN 0003-6846. - Vol. 43.2011, 10, p. 1187-1191
|
Publisher: |
Taylor & Francis Journals |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Demand for money in the Euro area
Hamori, Shigeyuki, (2008)
-
Introduction of the Euro and the monetary policy of the European Central Bank
Hamori, Shigeyuki, (2010)
-
International term structure of interest rates in the euro area
Hamori, Shigeyuki, (2009)
- More ...