Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/122944
Authors: 
Kappler, Marcus
Reisen, Helmut
Schularick, Moritz
Turkisch, Edouard
Year of Publication: 
2013
Citation: 
[Journal:] Open Economies Review [Year:] 2013 [Volume:] 24 [Issue:] 3 [Pages:] 471-494
Abstract: 
In this paper we study the macroeconomic aftermath of large exchange rate appreciations. Using a sample of 128 countries over the period 1960–2008, we identify 25 episodes of large nominal and real appreciations shocks. We use narrative identification of exogenous appreciation episodes and study the macroeconomic effects in a dummy-augmented panel autoregressive model.
Subjects: 
Current account adjustment
Global imbalances
JEL: 
F4
F31
Persistent Identifier of the first edition: 
Document Type: 
Article






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