Morales-Zumaquero, Amalia - In: Journal of Applied Economics IX (2006) November, pp. 345-360
autoregression (SVAR) models, and decompose real and nominal exchange rate movements into those caused by real and nominal shocks. We … decomposition of the real exchange rates for advanced economies across samples, with a growing importance of nominal shocks. Nominal … shocks are also important in some transition economies. …