Real Exchange Rate and External Balance : How Important Are Price Deflators? /
This paper contrasts real exchange rate (RER) measures based on different deflators (CPI, GDP deflator, and ULC) and discusses potential implications for the link-or lack thereof-between RER and external balance. We begin by documenting patterns in the evolution of different measures of RERs, and co...
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| Altri autori: | , |
| Natura: | Periodico |
| Lingua: | English |
| Pubblicazione: |
Washington, D.C. :
International Monetary Fund,
2017.
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| Serie: | IMF Working Papers; Working Paper ;
No. 2017/081 |
| Accesso online: | Full text available on IMF |