Article ID Journal Published Year Pages File Type
967230 Journal of Monetary Economics 2011 15 Pages PDF
Abstract
► Highly disaggregated data for a group of EU-15 real exchange rates is analyzed. ► It is shown that a few sectors are responsible for the high levels of persistence. ► Quantile regression is employed to investigate the sources of persistence. ► Variables related to the tradability of goods are not significant. ► Price stickiness and the market structure of the inputs are significant.
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Aggregate real exchange rate persistence through the lens of sectoral data
Authors
, ,