Real Exchange Rates and Exchange Rate Policy in Hungary

László Halpern ()

No 1366, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: Five real exchange rate indicators are computed to assess the international competitiveness of Hungarian industry. These indicators are explained in econometric equations by employment, unemployment, productivity, interest spread and real producer wage. Causality tests reveal that external performance has an impact on real exchange rates and contributes to the explanation of real exchange rates. There is very limited scope for policy intervention to constrain the negative effects of capital inflow without incurring other costs.

Keywords: Exchange Rate Policy; Hungary; Real Exchange Rate (search for similar items in EconPapers)
JEL-codes: F41 (search for similar items in EconPapers)
Date: 1996-03
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://www.cepr.org/active/publications/discussion_papers/dp.php?dpno=1366 (application/pdf)

Related works:
Journal Article: Real exchange rate and exchange rate policy in Hungary (1996)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:1366

Ordering information: This working paper can be ordered from
http://www.cepr.org/ ... ers/dp.php?dpno=1366

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().