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The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations

Changes in the price of nontradable goods relative to tradable goods account for roughly 50 percent of the cyclical movements in real exchange rates.
Year of publication:
2005-10
Authors: Eichenbaum, Martin ; Burstein, Ariel ; Rebelo, Sergio
Institutions: National Bureau of Economic Research (NBER)
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application/pdf
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Type of publication: Book / Working Paper
Notes:
EFG IFM ME published as Burstein, Ariel, Martin Eichenbaum and Sergio Rebelo. "The Importance Of Nontradable Goods' Prices In Cyclical Real Exchange Rate Fluctuations," Japan and the World Economy, 2006, v18(3,Aug), 247-253. Number 11699
Classification: F31 - Foreign Exchange
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Persistent link: https://www.econbiz.de/10005774469
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