In a general equilibrium model. we show that the value of the equilibrium real exchange rate is affected by its own volatility. Risk averse exporters. that make their exporting decision before observing the realization of ...

This paper investigates the impact of multilateral trade linkages on bilateral real exchange rate volatility by examining a particular channel —the extent of the effects of differences on import intensities (GDP’s share ...

The aim of this article is to assess the role of real effective exchange rate volatility on long-run economic growth for a set of 82 advanced and emerging economies using a panel data set ranging from 1970 to 2009. With ...

This paper explores the real exchange rate (RER)-economic growth relationship for a wide sample of countries over the period 1960-2009. After removing influen-tial observations, the system-GMM estimates suggest a positive ...

O objetivo dessa pesquisa foi testar a relação entre a volatilidade da variação real de índices de ações e eventos raros (positivos e negativos) no PIB real e, adicionalmente, a relação entre a volatilidade das taxas de ...

This paper examines the impact of trade costs on real exchange rate volatility. The relationship is examined by constructing a two-country Ricardian model of trade, based on the work of Dornbusch, Fischer, and Samuelson ...

In a small open economy model, we assess the advantages and cost of a systematic policy response to the real exchange rate. In particular, in the context of the Gali and Monacelli (2005) model, we use the method of ...