Real Exchange Rates and the Prices of Nontradable Goods /

This paper attempts to provide a perspective on real exchange rate developments following the inception of the EMS. The focus is on structural determinants of real exchange rates, notably the behavior of tradables and nontradable prices and productivity. It is found that changes in the relative pric...

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Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Micossi, S.
Rannpháirtithe: Milesi-Ferretti, Gian
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 1994.
Sraith:IMF Working Papers; Working Paper ; No. 1994/019
Rochtain ar líne:Full text available on IMF
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020 |z 9781451922516 
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100 1 |a Micossi, S. 
245 1 0 |a Real Exchange Rates and the Prices of Nontradable Goods /  |c S. Micossi, Gian Milesi-Ferretti. 
264 1 |a Washington, D.C. :  |b International Monetary Fund,  |c 1994. 
300 |a 1 online resource (38 pages) 
490 1 |a IMF Working Papers 
500 |a <strong>Off-Campus Access:</strong> No User ID or Password Required 
500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper attempts to provide a perspective on real exchange rate developments following the inception of the EMS. The focus is on structural determinants of real exchange rates, notably the behavior of tradables and nontradable prices and productivity. It is found that changes in the relative price of tradable goods in terms of nontradables account for a sizable fraction of real exchange rate dynamics during the EMS period. Sectoral productivity growth differential help explain the behavior of the relative price of tradable goods, especially in the long run. There is also some evidence that the EMS has extended on relative price behavior. 
538 |a Mode of access: Internet 
700 1 |a Milesi-Ferretti, Gian. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 1994/019 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/1994/019/001.1994.issue-019-en.xml  |z IMF e-Library