UNDERSTANDING REAL EXCHANGE RATE MOVEMENTS WITH TRADE IN INTERMEDIATE PRODUCTS
نویسندگان
چکیده
منابع مشابه
Real Effective Exchange Rate and Trade Performance in Iran
The Purpose of this paper is to investigate the long-run effect of real effective exchange rate on Iran non-oil trade balance. The methodology is based on ARDL procedure that can be applied irrespective of whether the regressors are I(0) or I(1). The results show the real depreciation has not a favorable long - run effect on the non-oil trade balance of Iran from 1979 to 2001.
متن کاملreal effective exchange rate and trade performance in iran
the purpose of this paper is to investigate the long-run effect of real effective exchange rate on iran non-oil trade balance. the methodology is based on ardl procedure that can be applied irrespective of whether the regressors are i(0) or i(1). the results show the real depreciation has not a favorable long - run effect on the non-oil trade balance of iran from 1979 to 2001.
متن کاملUnderstanding Movements in Aggregate and Product-Level Real-Exchange Rates∗
We document new facts on international relative price movements using wholesale price data for common products sold in Canada and United States over the period 2004-2006, and information on the country of production for individual products. We find that international relative prices at the level of individual products are roughly three to four times as volatile as the Canada-US nominal exchange...
متن کاملReal Exchange Rate and Consumption Fluctuations following Trade Liberalization
Two-sector models with traded and non-traded goods have problems accounting for the stylized fact that the real exchange rate appreciates and consumption booms for several years following trade liberalization, or exchange-rate-based stabilization programs, in small open economies. The paper investigates some possible solutions to this price-consumption puzzleand evaluates their quantitative i...
متن کاملTrade Agreements, Exchange Rate Disagreements
Problems often arise when partners in regional integration agreements (RIA) have divergent exchange rate policies, as has happened in recent years with the Southern Cone Common Market (Mercosur). The January 1999 devaluation of the Brazilian real strained the relationship between Argentina and Brazil, setting off a series of events that included protectionist measures in Argentina, Argentine bu...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Pacific Economic Review
سال: 2010
ISSN: 1361-374X,1468-0106
DOI: 10.1111/j.1468-0106.2010.00496.x