The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
Working Paper 11699
DOI 10.3386/w11699
Issue Date
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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Copy CitationAriel Burstein, Martin Eichenbaum, and Sergio Rebelo, "The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations," NBER Working Paper 11699 (2005), https://doi.org/10.3386/w11699.
Published Versions
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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