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https://hdl.handle.net/10419/39449
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DC Field | Value | Language |
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dc.contributor.author | Dibooglu, Selahattin | en |
dc.contributor.author | Kutan, Ali M. | en |
dc.date.accessioned | 2010-09-01T09:46:08Z | - |
dc.date.available | 2010-09-01T09:46:08Z | - |
dc.date.issued | 2000 | - |
dc.identifier.uri | http://hdl.handle.net/10419/39449 | - |
dc.description.abstract | This 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. | en |
dc.language.iso | eng | en |
dc.publisher | |aRheinische Friedrich-Wilhelms-Universität Bonn, Zentrum für Europäische Integrationsforschung (ZEI) |cBonn | en |
dc.relation.ispartofseries | |aZEI Working Paper |xB 14-2000 | en |
dc.subject.jel | C5 | en |
dc.subject.jel | F3 | en |
dc.subject.jel | P5 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | nominal and real exchange rates | en |
dc.subject.keyword | inflation | en |
dc.subject.keyword | transition economies | en |
dc.subject.keyword | structural VARs | en |
dc.subject.keyword | exchange rate regimes | en |
dc.subject.keyword | exchange rate modeling | en |
dc.title | Sources of real exchange rate fluctuations in transition economies: The case of Ploand and Hungary | - |
dc.type | |aWorking Paper | en |
dc.identifier.ppn | 325873038 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:zeiwps:B142000 | en |
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