Do Fundamentals Explain the Behaviour of the Swedish Real Effective Exchange Rate?
β Scribed by Kristian Nilsson
- Book ID
- 110752689
- Publisher
- John Wiley and Sons
- Year
- 2004
- Tongue
- English
- Weight
- 147 KB
- Volume
- 106
- Category
- Article
- ISSN
- 0347-0520
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
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
## Abstract Since the adoption of flexible exchange rates, real exchange rates have been much more volatile than they were under Bretton Woods. However, the volatilities of most other macroeconomic variables have remained approximately unchanged. This poses a puzzle for standard international busin