The importance of nontradable goods' prices in cyclical real exchange rate fluctuations

Ariel Burstein, Martin Eichenbaum*, Sergio Rebelo

*Corresponding author for this work

Research output: Contribution to journalArticle

37 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)247-253
Number of pages7
JournalJapan and the World Economy
Volume18
Issue number3
DOIs
StatePublished - Aug 1 2006

Keywords

  • Consumer price index
  • Producer price index
  • Real exchange rate

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics
  • Political Science and International Relations

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