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The Long|Run Relationship Between Real Exchange Rates and ...


The Long-Run Relationship Between Real Exchange Rates and ...

The results with respect to the real interest rates are ambiguous in the sense that some interest rate differentials appear to be stationary, thereby implying ...

The Long-run Relationship between Real Exchange Rate and ... - jstor

study investigates the long-run relationship between real exchange rates and real interest rate differentials using recently developed panel cointegration ...

The Long-Run Relationship Between Real Exchange Rates and ...

The paper finds evidence of statistically significant long-run relationships and plausible point estimates, which contrasts with much existing ...

The Long-Run Relationship Between Real Exchange Rates and ...

Ronald MacDonald & Jun Nagayasu, 2000. "The Long-Run Relationship Between Real Exchange Rates and Real Interest Rate Differentials: A Panel Study," IMF Staff ...

The long-run relationship between import flows and real exchange ...

This paper provides new evidence on the long-run relationship between imports and exchange-rate volatility in eight European countries.

The long-run relationship between the real exchange rate and terms ...

We find that exchange rate changes Granger-cause changes in the terms of trade for five out of the seven OECD countries, while the causation ...

Perspectives on PPP and Long-Run Real Exchange Rates

On the one hand, the advent of floating exchange rates made it obvious to even the most stubborn defenders of purchasing power parity that PPP is not a short- ...

6. The real exchange rate in the long run

Thus, changes in prices should be transmitted to nominal exchange rates and vice-versa. Yet when shocks affecting the economy are real - such as tariffs, ...

The long-run determination of the real exchange rate. Evidence from ...

The long-run determination of the real exchange rate. Evidence from an intertemporal modelling framework using the dollar-pound exchange rate.

Real exchange rates in the short, medium, and long run

This paper uses long-horizon autocorrelations and variance ratio statistics to test for long-term mean reversion in real exchange rates.

Risks for the Long Run and the Real Exchange Rate

These results provide evidence suggesting a link between common long-run growth perspectives and exchange rate movements. I. Introduction. Since Backus and ...

Real Exchange Rates and their Long-Run Equilibrium | NBER

Absent the short-run effects, we find that the estimated speed of reversion to long-run equilibrium is much higher. In addition, the HBS effects ...

Full article: Has the relationship between the real exchange rate and ...

Our model follows the established trends and models the exchange rate not only as a function of real per capita GDP like in Rodrik (Citation2008), but also with ...

What Do We Know About the Long-Run Real Exchange Rate?

The influence of real factors on the relationship between exchange rates and national price levels is captured by K, which is a function of structural factors ...

What Do We Know About the Long-Run Real Exchange Rate?

... prices. and. the. price. of. foreign. exchange, while. relative. prices. are. unchanged. The. influence. of. real. factors. on. the. relationship. between.

The Real Exchange Rate and Economic Growth - Dani Rodrik

of nonlinearity in the relationship between a country's real exchange rate ... “Estimating Long-Run Equilibrium Real Exchange. Rates.” In Estimating ...

Understanding Korea's Long-Run Real Exchange Rate Behavior

However, we also find that over the entire period 1985-2023, internal price factors are the main explanator of the won's real depreciation. This ...

Understanding Korea's long-run real exchange rate behavior

explanator of the won's real depreciation. This finding poses a puzzle for standard accounts of the linkage between productivity growth and real exchange rates.

The real exchange rate and economic growth

may be a fundamental driver of growth over the long-run. For most economists ... 5A few papers focus on the link between real exchange rates and Total Factor ...

Price Levels and the Exchange Rate in the Long Run

• Relationship between interest rates and inflation: Fisher effect. • Shortcomings of purchasing power parity. • Long run model of exchange rates: real exchange.