Large Devaluations and the Real Exchange Rate
Datos Bibliográficos
| ID | 10172016 |
|---|---|
| Autores | Ariel Burstein (University of California, Los Angeles), Martin Eichenbaum (Federal Reserve Bank of Chicago), Sergio Rebelo (0000-0001-7097-8184, National Bureau of Economic Research) |
| Año | 2005 |
| Volumen | 113 |
| Número | 4 |
| Páginas | 742-784 |
| Fecha de publicación | 2005-07-25 |
| Peer Reviewed | Sí |
| Open Access | No |
| Tipo | ARTICLE |
| Revista | Journal of Political Economy (JOURNAL) |
| Identificadores de la revista | ISSN: 0022-3808 • E-ISSN: 1537-534X |
| Editorial | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/431254 |
| OpenAlex | W2104631853 |
| Idioma | EN |
| Citas recibidas | 28 |
| Referencias citadas | 16 |
In this paper we argue that the primary force behind the large drop in real exchange rates that occurs after large devaluations is the slow adjustment in the prices of nontradable goods and services. Our empirical analysis uses data from five large devaluation episodes: Argentina (2002), Brazil (1999), Korea (1997), Mexico (1994), and Thailand (1997). We conduct a detailed analysis of the Argentinian case using disaggregated consumer price index data, data from our own survey of prices in Buenos Aires, and scanner data from supermarkets. We assess the robustness of our findings by studying large real exchange rate appreciations, medium devaluations, and small exchange rate movements
Devaluation · Econometrics · Economics · Economy · Exchange rate · Exchange-rate pass-through · Goods and services · Monetary economics · Robustness (evolution · Global Financial Crisis and Policies · Global trade and economics · Monetary Policy and Economic Impact
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| Obras citantes distintas | 28 |
|---|---|
| Citas por año | 1,47 |
| Intervalo de citas | 2007 - 2025 (19) |
| Velocidad de citación | recent |
| Altamente citado | No |
| Tipos de cita | Neutras: 28 |