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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Bibliografiska uppgifter
Huvudupphovsman: Thomas, Alun
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 1997.
Serie:IMF Working Papers; Working Paper ; No. 1997/176
Länkar:Full text available on IMF