Private Consumption, Nontraded Goods and Real Exchange Rate: A Cointegration_Euler Equation Approach
收藏NBER1996-08-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w5731
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资源简介：
This paper presents an empirical study of real exchange rate movements from a consumer's perspective. Trade between two countries creates a link between real exchange rate and terms of trade. It is the private consumption of non-traded goods that induces an equilibrium relationship between real
提供机构：
美国国家经济研究局
创建时间：
1996-08-01
