Determinants of the equilibrium real exchange rate

DC FieldValueLanguage
dc.contributor.authorNeary, J. Peter-
dc.date.accessioned2009-09-24T16:04:34Z-
dc.date.available2009-09-24T16:04:34Z-
dc.date.issued1987-04-
dc.identifier.other198748en
dc.identifier.urihttp://hdl.handle.net/10197/1434-
dc.description.abstractThis note presents a compact derivation of the determinants of changes in the equilibrium real exchange rate (the inverse of the price index of nontraded goods relative to traded goods), in a small open economy with any number of goods and factors. It is shown that the change in the real exchange rate equals a simple weighted sum of the differences between marginal propensities to consume and to produce individual nontraded goods. Implications of the result are noted for a variety of applied questions, including the effects of foreign aid, the "Dutch disease" and purchasing power parity comparisions between countries.en
dc.description.externalNotesA hard copy is available in UCD Library at GEN 330.08 IR/UNIen
dc.format.extent214599 bytes-
dc.format.mimetypeapplication/pdf-
dc.language.isoenen
dc.publisherUniversity College Dublin. School of Economicsen
dc.relation.ispartofseriesUCD Centre for Economic Research Working Paper Seriesen
dc.relation.ispartofseriesNo. 48en
dc.subject.lcshEquilibrium (Economics)en
dc.subject.lcshInternational tradeen
dc.subject.lcshStates, Small--Economic conditionsen
dc.titleDeterminants of the equilibrium real exchange rateen
dc.typeWorking Paperen
dc.internal.authoridUCD0042en
dc.internal.availabilityFull text availableen
dc.statusNot peer revieweden
dc.type.capturetechniquePDFimageen
dc.neeo.contributorNeary|J. Peter|aut|-
item.grantfulltextopen-
item.fulltextWith Fulltext-
Appears in Collections:Economics Working Papers & Policy Papers
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