کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
9554534 | 1375965 | 2005 | 19 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Sources of real exchange rate fluctuations in China
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کلمات کلیدی
موضوعات مرتبط
علوم انسانی و اجتماعی
اقتصاد، اقتصادسنجی و امور مالی
اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
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چکیده انگلیسی
This paper reviews the evolution of China's real effective exchange rate between 1980 and 2003 and uses a structural vector autoregression model to study the relative importance of different types of macroeconomic shocks for fluctuations in the real exchange rate between 1985 and 2003. The structural decomposition shows that relative real demand and supply shocks account for most of the variations in real exchange rate changes during the estimation period. The paper also finds that supply shocks are at least as important as nominal demand shocks in accounting for real exchange rate fluctuations. In contrast, other studies that show that nominal shocks are more important in explaining real exchange rate fluctuations in industrial countries. Journal of Comparative Economics33 (4) (2005) 753-771.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Comparative Economics - Volume 33, Issue 4, December 2005, Pages 753-771
Journal: Journal of Comparative Economics - Volume 33, Issue 4, December 2005, Pages 753-771
نویسندگان
Tao Wang,