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Real Exchange Rate Volatility and the Price of Nontradables in Sudden-Stop-Prone Economies

Mendoza, Enrique G. - International Monetary Fund (IMF) - 2006

This paper shows that the dominant view that the high variability of real exchange rates is due to movements in exchange rate-adjusted prices of tradable goods does not hold for Mexican data for periods with a managed exchange rate. The relative price of nontradables accounts for up to 70...

Persistent link: https://www.econbiz.de/10005264110

Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model; What is Important and What is Not

Tuesta, Vicente; Rabanal, Pau - International Monetary Fund (IMF) - 2006

does a good job in explaining real exchange rate volatility but at the cost of overestimating volatility in output and …

Persistent link: https://www.econbiz.de/10005769212

Current Account Rebalancing and Real Exchange Rate Adjustment Between the U.S. and Emerging Asia

Sandri, Damiano; Rabanal, Pau; Méjean, Isabelle - International Monetary Fund (IMF) - 2011

the terms of trade and real exchange rates in a three-country open economy model of the U.S., China, and other emerging …

Persistent link: https://www.econbiz.de/10008876596

Cointegrated TFP Processes and International Business Cycles

Tuesta, Vicente; Rubio-Ramirez, Juan F.; Rabanal, Pau - International Monetary Fund (IMF) - 2009

standard IRBC model helps explaining the observed high real exchange rate volatility. Also we show that the observed increase … of the real exchange rate volatility with respect to output in the last 20 year can be explained by changes in the …

Persistent link: https://www.econbiz.de/10008559267