논문KCI 등재
Real Shocks and Equilibrium Real Exchange Rate in A Specific Goods Model
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Abstract
We have explored a specific goods model of exchange rate determination to investigate various shocks effects on the real exchange rate. Changes in the equilibrium real exchange rate facilitate the required changes in the traded and nontraded goods prices to maintain equilibrium in the international goods markets as well as domestic markets. Likely the goods prices changes, changes in the real exchange rate depend on the sources of disturbances and market conditions. In particular, how real shocks affect the real exchange rate depends on the factor intensity of goods production and shares of consumption and production of tradable good by home and abroad.
참고문헌 (17)
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- "Short-Run Capital Specificity and the Pure Theory of International Trade", pp.488~510
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- "The Natural Real Exchange Rate of the United States Dollar, and Determinants of Capital Flows" (1996), Clarendon Press
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- "Journal of Monetary Economics", pp.171~201 (1987)
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- "The Response of Real Exchange Rates to Various Economic Shocks", 61, pp.936~954 (1995)
관련 논문AI추천
REAL SHOCKS, UNEMPLOYMENT AND THE EQUILIBRIUM REAL EXCHANGE RATEHEE-HOKIM한국경제학회 · The Korean Economic Review2002 · 제18권 제1호Trade Openness, Real Exchange Rates, and the Exchange Rate Regime Choice안건미경제연구소 · Journal of Economic Research (JER)2006 · 제11권 제1호Exchange Rate Fluctuations and Economic Activity in Developing Countries: Theory and EvidenceMagda Kandil경제연구소 · Journal of Economic Development2004 · 제29권 제1호Dynamics of Real Exchange Rates and Trade Balance in the Presence of Heterogeneous Preferences and Incomplete Financial Markets김영재, 안건미한국경제학회 · The Korean Economic Review2005 · 제21권 제2호A NOTE EXCHANGE-RATE OVERSHOOTING심경섭한국전문경영인학회 · 전문경영인연구2003 · 제6권 제1호Staggered Price Settings, Exchange Rates, and Monetary Policy정용승경제연구소 · Seoul Journal of Economics2003 · 제16권 제4호
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