Citation

Discussion Paper Details

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Title: The Importance of Nontradeable Goods' Prices in Cyclical Real Exchange Rate Fluctuations

Author(s): Ariel Tomas Burstein, Martin Eichenbaum and Sérgio Rebelo

Publication Date: October 2005

Keyword(s): nominal exchange rates, nontradeable goods, prices and tradeable goods

Programme Area(s): International Macroeconomics

Abstract: Changes in the price of nontradable goods relative to tradable goods account for roughly 50% of the cyclical movements in real exchange rates.

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Bibliographic Reference

Burstein, A, Eichenbaum, M and Rebelo, S. 2005. 'The Importance of Nontradeable Goods' Prices in Cyclical Real Exchange Rate Fluctuations'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=5306