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...
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Format: | Zeitschrift |
Sprache: | English |
Veröffentlicht: |
Washington, D.C. :
International Monetary Fund,
2012.
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Schriftenreihe: | IMF Working Papers; Working Paper ;
No. 2012/013 |
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Online Zugang: | Full text available on IMF |