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dc.contributor.authorDibooglu, Selahattinen_US
dc.contributor.authorKutan, Ali M.en_US
dc.date.accessioned2010-09-01T09:46:08Z-
dc.date.available2010-09-01T09:46:08Z-
dc.date.issued2000en_US
dc.identifier.urihttp://hdl.handle.net/10419/39449-
dc.description.abstractThis paper examines Brada‘s (1998) conjecture about the path of real exchange rates in two successful transition economies, Hungary and Poland. He argues that, as a result of the very diverse fiscal and monetary policies to be found among these economies, real exchange rates in some economies should follow a path that mirrors mainly the effect of real shocks and others a path reflecting the monetary shocks. To test this hypothesis, we use a popular structural VAR model and, assuming long-run neutrality of nominal shocks, we decompose real exchange rate and price movements into those attributable to real and nominal shocks. Using monthly data from 1990 to 1999 for Hungary and Poland, we find that nominal shocks had a major influence in explaining real exchange rate movements in Poland, while real shocks had a larger influence on real exchange rate movements in Hungary.-
dc.language.isoengen_US
dc.publisherZEI Bonnen_US
dc.relation.ispartofseriesZEI working paper B 14-2000en_US
dc.subject.jelC5-
dc.subject.jelF3-
dc.subject.jelP5-
dc.subject.ddc330en_US
dc.subject.keywordnominal and real exchange rates-
dc.subject.keywordinflation-
dc.subject.keywordtransition economies-
dc.subject.keywordstructural VARs-
dc.subject.keywordexchange rate regimes-
dc.subject.keywordexchange rate modeling-
dc.titleSources of real exchange rate fluctuations in transition economies: The case of Ploand and Hungaryen_US
dc.typeWorking Paperen_US
dc.identifier.ppn325873038en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zeiwps:B142000-
Appears in Collections:ZEI Working Papers, Zentrum für Europäische Integrationsforschung, Universität Bonn

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