The importance of nontradable goods' prices in cyclical real exchange rate fluctuations

Japan and the World Economy

Volumn 18, Issue 3, 2006, Pages 247-253

  Burstein, Ariel ^a   Eichenbaum, Martin ^b,c   Rebelo, Sergio ^b,c  

^a UNIVERSITY OF CALIFORNIA   (United States)

^b NORTHWESTERN UNIVERSITY   (United States)

^c Federal Reserve of Chicago ^*  (United States)

Author keywords

Consumer price index; Producer price index; Real exchange rate

Indexed keywords

EID: 33744902370     PISSN: 09221425     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.japwor.2006.02.003     Document Type: Article

References (8)

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4. Chari V.V., Kehoe P., and McGrattan E. Can sticky price models generate volatile and persistent real exchange rates?. Review of Economic Studies 69 (2002) 533-563
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6. International Monetary Fund. Producer Price Index Manual: Theory and Practice (2004)
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8. Mussa M. Nominal exchange-rate regimes and the behavior of real exchange rates: evidence and implications. Carnegie-Rochester Series on Public Policy 25 (1986) 117-214