Can International Macroeconomic Models Explain Low-Frequency Movements of Real Exchange Rates?

Working Paper No. 12/13

Real exchange rates exhibit important low-frequency fluctuations. This makes the analysis of real exchange rates at all frequencies a more sound exercise than the typical business cycle one, which compares actual and simulated data after the Hodrick-Prescott filter is applied to both. A simple two-country, two-good model, as described in... READ MORE...

Publication date: January 2012
ISBN 9781463931186

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


Publication date: January 2012


Publication date: January 2012