Large devaluations and the real exchange rate

"In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the price of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2001), Brazil...

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Hauptverfasser: Burstein, Ariel T. 1974- (VerfasserIn), Eichenbaum, Martin S. 1954- (VerfasserIn), Rebelo, Sérgio 1959- (VerfasserIn)
Format: Buch
Sprache:English
Veröffentlicht: Cambridge, Mass. National Bureau of Economic Research 2004
Schriftenreihe:National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 10986
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Datensatz im Suchindex

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author Burstein, Ariel T. 1974-
Eichenbaum, Martin S. 1954-
Rebelo, Sérgio 1959-
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Eichenbaum, Martin S. 1954-
Rebelo, Sérgio 1959-
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series2 National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
spelling Burstein, Ariel T. 1974- Verfasser (DE-588)124082513 aut
Large devaluations and the real exchange rate Ariel Burstein ; Martin Eichenbaum ; Sergio Rebelo
Cambridge, Mass. National Bureau of Economic Research 2004
30, [18] S. graph. Darst.
txt rdacontent
n rdamedia
nc rdacarrier
National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 10986
"In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the price of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2001), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a detailed analysis of the Argentina case using disaggregated CPI data, data from our own survey of prices in Buenos Aires, and scanner data from supermarkets. We assess the robustness of our findings by studying large real-exchange-rate appreciations, medium devaluations, and small exchange-rate movements"--National Bureau of Economic Research web site.
Ökonometrisches Modell
Devaluation of currency
Foreign exchange rates Econometric models
Eichenbaum, Martin S. 1954- Verfasser (DE-588)128369280 aut
Rebelo, Sérgio 1959- Verfasser (DE-588)128390840 aut
Erscheint auch als Online-Ausgabe
National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series 10986 (DE-604)BV002801238 10986
http://papers.nber.org/papers/w10986.pdf kostenfrei Volltext
spellingShingle Burstein, Ariel T. 1974-
Eichenbaum, Martin S. 1954-
Rebelo, Sérgio 1959-
Large devaluations and the real exchange rate
National Bureau of Economic Research <Cambridge, Mass.>: NBER working paper series
Ökonometrisches Modell
Devaluation of currency
Foreign exchange rates Econometric models
title Large devaluations and the real exchange rate
title_auth Large devaluations and the real exchange rate
title_exact_search Large devaluations and the real exchange rate
title_full Large devaluations and the real exchange rate Ariel Burstein ; Martin Eichenbaum ; Sergio Rebelo
title_fullStr Large devaluations and the real exchange rate Ariel Burstein ; Martin Eichenbaum ; Sergio Rebelo
title_full_unstemmed Large devaluations and the real exchange rate Ariel Burstein ; Martin Eichenbaum ; Sergio Rebelo
title_short Large devaluations and the real exchange rate
title_sort large devaluations and the real exchange rate
topic Ökonometrisches Modell
Devaluation of currency
Foreign exchange rates Econometric models
topic_facet Ökonometrisches Modell
Devaluation of currency
Foreign exchange rates Econometric models
url http://papers.nber.org/papers/w10986.pdf
volume_link (DE-604)BV002801238
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AT eichenbaummartins largedevaluationsandtherealexchangerate
AT rebelosergio largedevaluationsandtherealexchangerate