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real exchange rate latest publications

March 6, 2015

Can international macroeconomic models explain low-frequency movements of real exchange ra…

Real exchange rates exhibit important low-frequency ‡ fluctuations. This makes the analysis of real exchange rates at all frequencies a more sound exercise than the typical business cycle one, which compares actual and simulated data after the Hodrick-Prescott …lter is applied to both. A simple two-country, two-good, intern…

July 31, 2009

China's Exchange Rate Policy and Asian Trade

This paper shows empirically that China’s trade balance is sensitive to fluctuations in the renminbi real effective exchange rate.