Disaggregate Real Exchange Rate Behaviour

Giorgio Fazio, Ronald Macdonald, Peter Mcadam

Risultato della ricerca: Articlepeer review

3 Citazioni (Scopus)

Abstract

In this paper, we re-examine the "PPP Puzzle" using sectoral disaggregated data. Specifically, we first analyse the mean reversion speeds of real exchange rates for a number of different sectors in 11 industrial economies and then focus on relating these rates to variables identified in the literature as key determinants of CPI-based real exchange rates, namely: the trade balance, productivity and the mark up. In particular, we seek to understand to what extent the relationships existing at the aggregate level are borne out at the disaggregate level. We believe that this analysis can help shed light on the PPP puzzle.
Lingua originaleEnglish
pagine (da-a)389-404
RivistaOpen Economies Review
Volume18
Stato di pubblicazionePublished - 2007

All Science Journal Classification (ASJC) codes

  • Economics and Econometrics

Fingerprint Entra nei temi di ricerca di 'Disaggregate Real Exchange Rate Behaviour'. Insieme formano una fingerprint unica.

Cita questo