Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates? /

Real exchange rates exhibit important low-frequency fluctuations. This makes the analysis of real exchange rates at all frequencies a more sound exercise than the typical business cycle one, which compares actual and simulated data after the Hodrick-Prescott filter is applied to both. A simple two-c...

Fuld beskrivelse

Bibliografiske detaljer
Hovedforfatter: Rabanal, Pau
Andre forfattere: Rubio-Ramirez, Juan
Format: Tidsskrift
Sprog:English
Udgivet: Washington, D.C. : International Monetary Fund, 2012.
Serier:IMF Working Papers; Working Paper ; No. 2012/013
Fag:
Online adgang:Full text available on IMF