Real exchange rate fluctuations and monetary shocks: a revisit
نویسندگان
چکیده
منابع مشابه
Monetary Shocks and Real Exchange Rates
Many explanations of the stylized facts concerning real exchange rate movements focus on monetary shocks, but it is often found empirically that monetary shocks are unimportant. I provide evidence that is contrary to this empirical finding. Using over 100 years of data, I estimate the contribution of various shocks to explaining variation in the real pound-dollar exchange rate. Monetary shocks ...
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The real exchange rate indicates the ratio of the price of tradable goods to the price of non-tradable goods and is one of the key indicators in the Iranian economy that has undergone significant leaps in recent years. In the present study, the effects of real exchange rate shocks on energy intensity (as one of the important economic-environmental indicators) of Iran's economy is investigated w...
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ژورنال
عنوان ژورنال: International Journal of Finance & Economics
سال: 2004
ISSN: 1076-9307,1099-1158
DOI: 10.1002/ijfe.218