文章基本信息

标题：Explaining Real Exchange Rate Fluctuations
其他标题：Explaining Real Exchange Rate Fluctuations
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作者：Amalia Morales-Zumaquero
期刊名称：Journal of Applied Economics
印刷版ISSN：1514-0326
电子版ISSN：1667-6726
出版年度：2006
卷号：9
期号：2
页码：345-360
DOI：10.1080/15140326.2006.12040651
摘要：This paper attempts to explain the sources of real exchange rate fluctuations for a set of advanced economies and Central and Eastern European transition economies. To that end, we first estimate structural (identified) vector autoregression (SVAR) models, and decompose real and nominal exchange rate movements into those caused by real and nominal shocks. We then complete the previous step with an impulse-response analysis. There is evidence of instability in the variance decomposition of the real exchange rates for advanced economies across samples, with a growing importance of nominal shocks. Nominal shocks are also important in some transition economies.
关键词：C50 ; F31 ; P52