Title:Revisiting the importance of non-tradable goods' prices in cyclical real exchange rate fluctuations Author(s):BACHE, Ida Wolden; SVEEN, Tommy; TORSTENSEN, Kjersti NæssDate:2013Citation:
- European Economic Review, 2013, Vol. 57, pp. 98-107
Type:ArticleAbstract:In an influential paper Engel (1999) argues that essentially all the fluctuations in the real exchange rate can be attributed to fluctuations in the relative price of traded goods, and that only a small part of the ...