Real Exchange Rates and Productivity : Closed-Form Solutions and Some Empirical Evidence /
This paper examines the impact of productivity shocks on real exchange rate fluctuations in a dynamic international general equilibrium model with nontraded goods. The model predicts a close association between relative technology shocks and bilateral real exchange rate movements. Empirical results...
| Autore principale: | |
|---|---|
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2000.
|
| Serie: | IMF Working Papers; Working Paper ;
No. 2000/099 |
| Accesso online: | Full text available on IMF |