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Author(s)

Ariel Burstein

Martin Eichenbaum

Sergio Rebelo

Changes in the price of nontradable goods relative to tradable goods account for roughly 50 percent of the cyclical movements in real exchange rates.
Date Published: 2006
Citations: Burstein, Ariel, Martin Eichenbaum, Sergio Rebelo. 2006. Comment on "How Important Are Nontradable Goods Prices As Sources of Cyclical Fluctuations in Real Exchange Rates?". Japan and the World Economy.