NDLI: Disaggregate Real Exchange Rate Behaviour

Content Provider	Springer Nature Link
Author	Fazio, Giorgio McAdam, Peter MacDonald, Ronald
Copyright Year	2007
Abstract	In this paper, we re-examine the “PPP Puzzle” using sectoral disaggregated data. Specifically, we first analyse the mean reversion speeds of real exchange rates for a number of different sectors in 11 industrial economies and then focus on relating these rates to variables identified in the literature as key determinants of CPI-based real exchange rates, namely: the trade balance, productivity and the mark up. In particular, we seek to understand to what extent the relationships existing at the aggregate level are borne out at the disaggregate level. We believe that this analysis can help shed light on the PPP puzzle.
Starting Page	389
Ending Page	404
Page Count	16
File Format	PDF
ISSN	09237992
Journal	Open Economies Review
Volume Number	18
Issue Number	4
e-ISSN	1573708X
Language	English
Publisher	Kluwer Academic Publishers-Plenum Publishers
Publisher Date	2007-06-08
Publisher Place	New York
Access Restriction	One Nation One Subscription (ONOS)
Subject Keyword	Real exchange rates Sectoral prices Panel data methods Development Economics International Economics
Content Type	Text
Resource Type	Article
Subject	Economics and Econometrics

Sl.	Authority	Responsibilities	Communication Details
1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
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Disaggregate Real Exchange Rate Behaviour