NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

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

Ariel Burstein, Martin Eichenbaum, Sergio Rebelo

NBER Working Paper No. 11699
Issued in October 2005
NBER Program(s):Economic Fluctuations and Growth, International Finance and Macroeconomics, Monetary Economics

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

download in pdf format
   (261 K)

email paper

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w11699

Published: Burstein, Ariel, Martin Eichenbaum and Sergio Rebelo. "The Importance Of Nontradable Goods' Prices In Cyclical Real Exchange Rate Fluctuations," Japan and the World Economy, 2006, v18(3,Aug), 247-253. citation courtesy of

Users who downloaded this paper also downloaded* these:
Kaminsky, Reinhart, and Vegh w10780 When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies
Frankel w15836 The Natural Resource Curse: A Survey
Drozd and Nosal The Nontradable Goods' Real Exchange Rate Puzzle
Betts and Kehoe w14437 Real Exchange Rate Movements and the Relative Price of Non-traded Goods
Corsetti, Dedola, and Viani w17501 Traded and Nontraded Goods Prices, and International Risk Sharing: an Empirical Investigation.
 
Publications
Activities
Meetings
NBER Videos
Themes
Data
People
About

National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us