Real Exchange Rates and the Prices of Nontradable Goods:
This paper attempts to provide a perspective on real exchange rate developments following the inception of the EMS. The focus is on structural determinants of real exchange rates, notably the behavior of tradables and nontradable prices and productivity. It is found that changes in the relative pric...
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1. Verfasser: | |
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
1994
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Schriftenreihe: | IMF Working Papers
Working Paper No. 94/19 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper attempts to provide a perspective on real exchange rate developments following the inception of the EMS. The focus is on structural determinants of real exchange rates, notably the behavior of tradables and nontradable prices and productivity. It is found that changes in the relative price of tradable goods in terms of nontradables account for a sizable fraction of real exchange rate dynamics during the EMS period. Sectoral productivity growth differential help explain the behavior of the relative price of tradable goods, especially in the long run. There is also some evidence that the EMS has extended on relative price behavior |
Beschreibung: | 1 Online-Ressource (38 p) |
ISBN: | 1451922515 9781451922516 |
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spelling | Micossi, S. Verfasser aut Real Exchange Rates and the Prices of Nontradable Goods Micossi, S Washington, D.C International Monetary Fund 1994 1 Online-Ressource (38 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 94/19 This paper attempts to provide a perspective on real exchange rate developments following the inception of the EMS. The focus is on structural determinants of real exchange rates, notably the behavior of tradables and nontradable prices and productivity. It is found that changes in the relative price of tradable goods in terms of nontradables account for a sizable fraction of real exchange rate dynamics during the EMS period. Sectoral productivity growth differential help explain the behavior of the relative price of tradable goods, especially in the long run. There is also some evidence that the EMS has extended on relative price behavior Online-Ausg Milesi-Ferretti, Gian-Maria Sonstige oth http://elibrary.imf.org/view/IMF001/05561-9781451922516/05561-9781451922516/05561-9781451922516.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Micossi, S. Real Exchange Rates and the Prices of Nontradable Goods |
title | Real Exchange Rates and the Prices of Nontradable Goods |
title_auth | Real Exchange Rates and the Prices of Nontradable Goods |
title_exact_search | Real Exchange Rates and the Prices of Nontradable Goods |
title_exact_search_txtP | Real Exchange Rates and the Prices of Nontradable Goods |
title_full | Real Exchange Rates and the Prices of Nontradable Goods Micossi, S |
title_fullStr | Real Exchange Rates and the Prices of Nontradable Goods Micossi, S |
title_full_unstemmed | Real Exchange Rates and the Prices of Nontradable Goods Micossi, S |
title_short | Real Exchange Rates and the Prices of Nontradable Goods |
title_sort | real exchange rates and the prices of nontradable goods |
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