We reappraise the relationship between productivity and equilibrium real exchange rates using a panel estimation … role of non-traded, as well as traded, sector productivity shocks in exchange rate determination. We find evidence of … significant correlation between real exchange rates and productivity differentials in both sectors. But our finding of a …

We investigate the long-run relationship between the real exchange rate, traded and non-traded productivity levels, and …

price shock studies, the aim of this paper is to test the impacts of symmetric oil price shocks on government expenditure …-real exchange rate nexus and ultimately, to check the conformity of symmetric oil price shock findings to those prevailing in …

absorb shocks in the long run, itplays a more dominant role as a source of shock in the short run. This study holdsimportant …

years after a nominal shock hits the economy. The long-run effect of a monthly one standard deviation nominal shock on … indicates that the nominal shock plays a significant role in explaining the depreciation in nominal MNT exchange rate over the … last three decades. Our recommendation is to stop “cash handling” policy, minimize monetary shock, and coordinate fiscal …

This paper examines the effect of overall and sector-specific productivity shocks on the real exchange rate in small … open economies. A dynamic stochastic small open economy model shows that productivity shocks impact the real exchange rate … purchasing power parity for traded goods prices observed in the data. This paper also studies how the effect of productivity …