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):   EFG   IFM   ME

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

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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

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