Journal Article
The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
Japan and the World Economy
Author(s)
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. The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations. Japan and the World Economy. (3)247-253.