Real Exchange Rates and Commodity Prices

Juan Pablo Nicolini, Constantino Hevia and Joao Ayres

No 182, 2015 Meeting Papers from Society for Economic Dynamics

Abstract: We show that a small number of commodities prices can explain alarge fraction of the volatility in bilateral real exchange rates between developed economies. We analyze the real exchange rates between the United Sates and Germany, Japan and the United Kingdom. We show that with up to six commodites we can explain between 50% and 80% of the volatility of those three real exchange rates.

Date: 2015
New Economics Papers: this item is included in nep-opm
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Related works:
Journal Article: Real exchange rates and primary commodity prices (2020)
Working Paper: Real Exchange Rates and Primary Commodity Prices (2020)
Working Paper: Real Exchange Rates and Primary Commodity Prices (2019)
Working Paper: Real Exchange Rates and Primary Commodity Prices (2017)
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Persistent link: https://EconPapers.repec.org/RePEc:red:sed015:182

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