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.

download in pdf format
   (261 K)

email paper

This paper is available as PDF (261 K) or via email.

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.

Users who downloaded this paper also downloaded these:
Frankel w15836 The Natural Resource Curse: A Survey
Kaminsky, Reinhart, and Vegh w10780 When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies
Drozd and Nosal The Nontradable Goods’ Real Exchange Rate Puzzle
Burstein, Eichenbaum, and Rebelo w11638 Modeling Exchange-Rate Passthrough After Large Devaluations
Corsetti, Dedola, and Viani w17501 Traded and Nontraded Goods Prices, and International Risk Sharing: an Empirical Investigation.
 
Publications
Activities
Meetings
Data
People
About

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

Contact Us