Long-run determinants of the Irish real exchange rate

被引：9

作者：

Lane, PR ^{[1
]}

Milesi-Ferretti, GM

机构：

[1] Univ Dublin Trinity Coll, Dublin 2, Ireland

[2] Int Monetary Fund, Washington, DC 20431 USA

来源：

APPLIED ECONOMICS | 2002年 / 34卷 / 05期

关键词：

D O I：

10.1080/00036840110036729

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

Smooth adjustment to real exchange rate shifts is one of the major challenges facing the Irish economy under EMU. Rather than assume purchasing power parity, the long-run real exchange rate is modelled as time-varying, being determined by relative output levels, the terms of trade and the net foreign asset position. It is shown that these factors account for a large proportion of the long-run movement in the Irish real exchange rate.

引用

页码：549 / 553

页数：5

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