The Importance of Nontradeable Goods' Prices in Cyclical Real Exchange Rate Fluctuations

Ariel Tomas Burstein, Martin Eichenbaum () and Sergio Rebelo ()

No 5306, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: Changes in the price of nontradable goods relative to tradable goods account for roughly 50% of the cyclical movements in real exchange rates.

Keywords: nominal exchange rates; nontradeable goods; prices; tradeable goods (search for similar items in EconPapers)
JEL-codes: F31 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-fmk and nep-ifn
Date: 2005-10
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Related works:
Working Paper: The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations (2005)
Working Paper: The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations (2005)
Journal Article: The importance of nontradable goods' prices in cyclical real exchange rate fluctuations (2006)
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