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The macroeconomic effects of large exchange rate appreciations

Kappler, Marcus; Reisen, Helmut; Schularick, Moritz; … - 2011

In this paper we study the macroeconomic effects of large exchange rate appreciations. Using a sample of 128 countries from 1960-2008, we identify large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Our results show...

Persistent link: https://www.econbiz.de/10008905965