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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Hlavní autor: Spilimbergo, Antonio
Další autoři: Vamvakidis, Athanasios
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2000.
Edice:IMF Working Papers; Working Paper ; No. 2000/128
On-line přístup:Full text available on IMF