Bénassy-Quéré, Agnès (contributor); … - 2005
Figure 2 compares the evolution of the dollar real exchange rates both against the euro
(LRER) and in effective terms (LREER … confirmed.
2.4 Robustness
As shown in Figure 2, the real exchange rate of the dollar is more volatile against the euro
than in …
depreciation (fall in Q). However (16) is not a reduced form since BE and BC do react to
the euro/dollar exchange rate.
3.2 The …