Is the Exchange Rate a Shock Absorber? : The Case of Sweden /

This paper uses a structural vector autoregression representation of the Mundell-Flemming model to analyze the determinants of movements in Sweden's real exchange rate. It finds that, while (supply and demand) shocks account for over 60 percent of the forecast error variance, comparable to seve...

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Bibliografiske detaljer
Hovedforfatter: Thomas, Alun
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 1997.
Serier:IMF Working Papers; Working Paper ; No. 1997/176
Online adgang:Full text available on IMF