Article ID Journal Published Year Pages File Type
5067037 European Economic Review 2013 10 Pages PDF
Abstract
▸ We revisit the issue of what drives the fluctuations in real exchange rates (RER). ▸ The relative distribution wedge is important for understanding RER fluctuations. ▸ Fluctuations in mark-ups and not local distribution costs seem to be central.
Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Revisiting the importance of non-tradable goods' prices in cyclical real exchange rate fluctuations
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