The importance of nontradable goods' prices in cyclical real exchange rate fluctuations

被引:34
作者
Burstein, Ariel
Eichenbaum, Martin [1 ]
Rebelo, Sergio
机构
[1] Northwestern Univ, NBER, Evanston, IL 60208 USA
[2] Univ Calif Los Angeles, Los Angeles, CA 90024 USA
[3] Fed Reserve Chicago, Chicago, IL USA
关键词
real exchange rate; consumer price index; producer price index;
D O I
10.1016/j.japwor.2006.02.003
中图分类号
F [经济];
学科分类号
02 ;
摘要
Changes in the price of nontradable goods relative to tradable goods account for roughly 50 percent of the cyclical movements in real exchange rates. (c) 2006 Elsevier B.V. All rights reserved.
引用
收藏
页码:247 / 253
页数:7
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