Real Effective Exchange Rate and the Constant Elasticity of Substitution Assumption /

The real effective exchange rate is an aggregation of several bilateral real exchange rates with respect to other countries. The aggregation is usually done under the assumption of constant elasticity of substitution (CES) between products from different countries. We investigate the validity of thi...

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Bibliographic Details
Main Author: Spilimbergo, Antonio
Other Authors: Vamvakidis, Athanasios
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2000.
Series:IMF Working Papers; Working Paper ; No. 2000/128
Online Access:Full text available on IMF