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Real exchange rate dynamics: The role of elastic labor supply

โœ Scribed by A.K.M. Mahbub Morshed; Stephen J. Turnovsky


Book ID
116659149
Publisher
Elsevier Science
Year
2011
Tongue
English
Weight
328 KB
Volume
30
Category
Article
ISSN
0261-5606

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Recent empirical work has shown the importance of nonlinear adjustment in the dynamics of real exchange rates and real interest differentials. This work suggests that the tenuous empirical linkage between the real exchange rate and the real interest differential might be strengthened by explicitly a