@techreport{NBERw11699,
 title = "The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations",
 author = "Ariel Burstein and Martin Eichenbaum and Sergio Rebelo",
 institution = "National Bureau of Economic Research",
 type = "Working Paper",
 series = "Working Paper Series",
 number = "11699",
 year = "2005",
 month = "October",
 URL = "http://www.nber.org/papers/w11699",
 abstract = {Changes in the price of nontradable goods relative to tradable goods account for roughly 50 percent of the cyclical movements in real exchange rates.},
}