monetary model are not fully robust to data frequency and alternative estimation periods, either. Nevertheless, adding openness … commodity prices do not help explain the large depreciations. While these models do a reasonably good job in-sample, their out …

monetary model are not fully robust to data frequency and alternative estimation periods, either. Nevertheless, adding openness … commodity prices do not help explain the large depreciations. While these models do a reasonably good job in-sample, their out …

of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

productivity gains on both the Balassa-Samuelson effect and the behaviour of the tradable real exchange rate is especially assessed …

of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …

of the estimation results. Overall, productivity, government consumption and the openness variables were found to be … fairly robust in terms of sign and size. An increase/decrease in the productivity variables is associated with an …