Is there a relationship between real exchange rate movements and the output cycle?
The Neo-classical theory of exchange rate determination, with a stock view of capital movements, has the equilibrium exchange rate dependent on purchasing power parity (PPP); that is, the bilateral nominal exchange rate is determined by the ratio of domestic to foreign price levels. Thus the real ex...
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| Main Authors: | , |
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| Format: | Default Preprint |
| Published: |
2001
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| Subjects: | |
| Online Access: | https://hdl.handle.net/2134/725 |
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