Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/39449
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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 exchangerates in two successful transition economies, Hungary and Poland. He argues that, as aresult 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 effectof real shocks and others a path reflecting the monetary shocks. To test this hypothesis, weuse 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 andnominal shocks. Using monthly data from 1990 to 1999 for Hungary and Poland, we findthat nominal shocks had a major influence in explaining real exchange rate movements inPoland, while real shocks had a larger influence on real exchange rate movements inHungary.-
dc.language.isoengen_US
dc.publisher|aZEI |cBonnen_US
dc.relation.ispartofseries|aZEI working paper |xB 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.type|aWorking Paperen_US
dc.identifier.ppn325873038en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:zeiwps:B142000-

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