TY - JOUR AU - Burstein,Ariel AU - Eichenbaum,Martin AU - Rebelo,Sergio TI - The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations JF - National Bureau of Economic Research Working Paper Series VL - No. 11699 PY - 2005 Y2 - October 2005 UR - http://www.nber.org/papers/w11699 L1 - http://www.nber.org/papers/w11699.pdf N1 - Author contact info: Ariel Burstein Department of Economics Bunche Hall 8365 Box 951477 UCLA Los Angeles, CA 90095-1477 Tel: 310/206-6732 Fax: 310/825-9528 E-Mail: arielb@econ.ucla.edu Martin S. Eichenbaum Department of Economics Northwestern University 2003 Sheridan Road Evanston, IL 60208 Tel: 847/491-8232 Fax: 847/491-7001 E-Mail: eich@northwestern.edu Sergio Rebelo Northwestern University Kellogg School of Management Department of Finance Leverone Hall Evanston, IL 60208-2001 Tel: 847/467-2329 Fax: 847/491-5719 E-Mail: s-rebelo@northwestern.edu AB - Changes in the price of nontradable goods relative to tradable goods account for roughly 50 percent of the cyclical movements in real exchange rates. ER -