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Investment Prices and Exchange Rates: Some Basic Facts
Burstein, Ariel Tomas; Neves, Joao C; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 2004
This Paper documents four basic facts about investment goods and investment prices. First, investment has a very …
Persistent link: https://www.econbiz.de/10005662174
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The Importance of Nontradeable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
Burstein, Ariel Tomas; Eichenbaum, Martin; Rebelo, Sérgio - C.E.P.R. Discussion Papers - 2005
Changes in the price of nontradable goods relative to tradable goods account for roughly 50% of the cyclical movements in real exchange rates.
Persistent link: https://www.econbiz.de/10005666669