EconPapers    
Economics at your fingertips  
 

What Do We Really Know About Real Exchange Rates?

Ronald Mac Donald ()
Additional contact information
Ronald Mac Donald: University of Strathclyde, Department of Economics, http://www.economics.strath.ac.uk

Working Papers from Oesterreichische Nationalbank (Austrian Central Bank)

Abstract: This paper seeks to provide a comprehensive overview of the recent literature on the economics of real exchange rates. In particular, the paper attempts to provide answers to the following questions: to what extent are real exchange rates mean reverting and how may the degree of observed mean reversion be explained?; do real exchange rates have a business cycle component and, in particular, are they related to real interest differentials?; how important are real, relative to nominal shocks, in driving real exchange rates?; is the systematic component of the real exchange rate related to factors such as productivity, net foreign asset accumulation, national savings imbalances and terms of trade effects?

Keywords: Real Exchange Rates; Mean Reversion. (search for similar items in EconPapers)
JEL-codes: E30 F31 (search for similar items in EconPapers)
Pages: 57
Date: 1998-06-20
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (28) Track citations by RSS feed

Downloads: (external link)
https://www.oenb.at/dam/jcr:29992b6d-06bc-47e0-ac8 ... /wp28_tcm16-6095.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 403 Forbidden (https://www.oenb.at/dam/jcr:29992b6d-06bc-47e0-ac8e-a1defba6efa8/wp28_tcm16-6095.pdf [303 See Other]--> https://www.oenb.at/error_path/403.html?al_req_id=YzrKUXnrUldhDfB52teYYgAAANc)

Related works:
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:onb:oenbwp:28

Ordering information: This working paper can be ordered from
Oesterreichische Nationalbank, Economic Studies Division, POB 61, A-1011 Vienna, Austria

The price is Free subject to availability.

Access Statistics for this paper

More papers in Working Papers from Oesterreichische Nationalbank (Austrian Central Bank) P.O. Box 61, A-1011 Vienna, Austria. Contact information at EDIRC.
Bibliographic data for series maintained by Markus Knell ().

 
Page updated 2022-10-04
Handle: RePEc:onb:oenbwp:28