Karadimitropoulou, Aikaterini; Bussière, Matthieu; … - 2022
output shocks and the relation between the real exchange rate and the current account. We build a SVAR model including the … world real interest rate, net output, the real exchange rate, and the current account and identify four structural shocks …; iv) the nature of the shock matters to shape the relationship between the current account and the real exchange rate …