𝔖 Bobbio Scriptorium
✦   LIBER   ✦

Deconstructing shocks and persistence in OECD real exchange rates1)

✍ Scribed by Basher, Syed Abul; Carrion-i-Silvestre, Josep Lluís


Book ID
120863995
Publisher
The Berkeley Electronic Press
Year
2013
Tongue
English
Weight
908 KB
Volume
13
Category
Article
ISSN
2194-6116

No coin nor oath required. For personal study only.


📜 SIMILAR VOLUMES


Can non-linear real shocks explain the p
✍ Tuomas A. Peltonen; Adina Popescu; Michael Sager 📂 Article 📅 2010 🏛 John Wiley and Sons 🌐 English ⚖ 266 KB 👁 1 views

A core stylized fact of the empirical exchange rate literature is that half-life deviations of equilibrium real exchange rates from levels implied by Purchasing Power Parity (PPP) are very persistent. Empirical efforts to explain this persistence typically proceed along two distinct paths, resorting