Sources of real exchange rate fluctuations
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Sources of real exchange rate fluctuations how important are nominal shocks? by Richard H. Clarida

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Published by National Bureau of Economic Research in Cambridge, MA .
Written in English

Subjects:

  • Foreign exchange rates -- Effect of money supply on.,
  • Foreign exchange rates -- Econometric models.

Book details:

Edition Notes

StatementRichard Clarida, Jordi Gali.
SeriesNBER working paper series -- working paper no. 4658, Working paper series (National Bureau of Economic Research) -- working paper no. 4658.
ContributionsGalí, Jordi., National Bureau of Economic Research.
The Physical Object
Pagination53, [30] p. :
Number of Pages53
ID Numbers
Open LibraryOL22426369M

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This paper investigates empirically and attempts to identify the sources of real exchange rate fluctuations since the collapse of Bretton Woods. The paper's first two sections survey and extend earlier, non-structural empirical work on this subject by Campbell and Clarida (), Meese and Rogoff (), and Cumby and Huizinga (). The paper's main contribution is to build and estimate a Cited by: Downloadable! This paper investigates empirically and attempts to identify the sources of real exchange rate fluctuations since the collapse of Bretton Woods. The paper's first two sections survey and extend earlier, non-structural empirical work on this subject by Campbell and Clarida (), Meese and Rogoff (), and Cumby and Huizinga ().   Journals & Books; Help Download PDF Download. Share. Export. Advanced. Journal of Comparative Economics. Vol Issue 2, June , Pages Regular Article. Sources of Real Exchange Rate Fluctuations in Transition Economies: The Case of Poland and Hungary Cited by: Downloadable! This paper attempts to identify the sources of real exchange rate fluctuations since the collapse of the Bretton Woods period. We use a structural VAR model with recursive long-run restrictions to decompose the real exchange rate series into three components, associated with supply, demand and monetary shocks. Our estimates imply that monetary shocks account for a substantial.

Sources of real exchange rate fluctuations in transition economies: The case of Ploand and Hungary. Selahattin Dibooglu and Ali Kutan (). No B , ZEI Working Papers from University of Bonn, ZEI - Center for European Integration Studies Abstract: This paper examines Brada‘s () conjecture about the path of real exchange rates in two successful transition economies, Hungary and Poland. This paper investigates, using the SVAR model of Clarida and Gali (), the sources of real exchange rate fluctuations in eight Central and East European new EU member states. This paper attempts to identify the sources of U.K. exchange rate and relative consumer price fluctuations between and We follow Clarida and Gali () in using the Blanchard and Quah () structural VAR (SVAR) method to identify the effects of three structural shocks within a Dornbusch ()/Obstfeld () model. We find that IS shocks underlay the majority of the variance . Morphing the Online World, One Consumer at a Time; The Pension Builder, Empowering Individuals in Their Retirement Investment Preferences.

  Recently, the approach of long-run structural VAR proposed by Blanchard and Quah [4] has been used to examine the sources of the macroeconomic fluctuations.(1) Lastrapes [17] and Evans and Lothian [10] extend this approach in examining the sources of real exchange rate fluctuations. This paper investigates empirically and attempts to identify the sources of real exchange rate fluctuations in 7 Asian and Southeast Asian economies using subsets of quarterly data covering time periods from to Sources of real exchange rate fluctuations. Cambridge, MA: National Bureau of Economic Research, [] (OCoLC) Material Type: Internet resource: Document Type: Book, Internet Resource: All Authors / Contributors: Richard Harris Clarida; Jordi Galí; National Bureau of Economic Research. Exchange rates and prices: sources of sterling real exchange rate fluctuations Exchange rates and prices: sources of sterling real exchange rate fluctuations Working papers set out research in progress by our staff, with the aim of encouraging comments and debate.