Private Consumption, Nontraded Goods, and Real Exchange Rate: Evidence from South Korea and Taiwan

Kenneth S. Lin, Changes in Exchange Rates in Rapidly Developing Countries: Theory, Practice, and Policy Issues (University of Chicago Press, 1999), chap. 6, https://www.nber.org/books-and-chapters/changes-exchange-rates-rapidly-developing-countries-theory-practice-and-policy-issues/private-consumption-nontraded-goods-and-real-exchange-rate-evidence-south-korea-and-taiwan.