This study measures the proportion of US real exchange rate movements that can be
accounted for by movements in the relative prices of nontraded goods. The decomposition is …

This paper examines the long-run determinants of the real exchange rate from a stock-flow
perspective. The empirical analysis estimates a long-run relationship between the real …

We study the dynamics of price indices for major US cities using panel econometric methods
and find that relative price levels among cities mean revert at an exceptionally slow rate. In a …

This paper presents a reduced-form model of the real exchange rate. Using multilateral
cointegration methods, the model is implemented for the real effective exchange rates of the …

In this paper, we extend the behavioral equilibrium exchange rate (BEER) approach which
identifies an estimated equilibrium relationship between the real exchange rate and …

In this paper we present a reduced form model of the real exchange rate. Using multivariate
cointegration methods, the model is implemented for the real effective exchange rates of the …

This paper presents a methodology for calculating bilateral equilibrium exchange rates for a
panel of currencies in a way that guarantees global consistency. The methodology has three …

Given that the value of China's currency has been a hot topic recently, this paper explores
the equilibrium levels of China's real and nominal exchange rates. Employing a Johansen …

This paper presents an empirical analysis of the medium–term determinants of the euro
effective exchange rate. The empirical analysis builds on synthetic quarterly data from 1975 …

This paper discusses five indicators of competitiveness: real exchange rates based on
consumer price indices, export unit values of manufacturing goods, the relative price of …