Currency unions and the real exchange rate

被引：2

作者：

Zorzi, MC ^{[1
]}

De Santis, RA ^{[1
]}

机构：

[1] European Cent Bank, D-60311 Frankfurt, Germany

来源：

ECONOMICS LETTERS | 2004年 / 85卷 / 01期

关键词：

monetary union; real exchange rate;

D O I：

10.1016/j.econlet.2004.03.015

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

When the transmission mechanisms are different across member states, real exchange rate shocks affect currency unions' aggregate inflation, output and welfare. At the regional level, the impact of real exchange rate movements is larger in smaller countries. (C) 2004 Elsevier B.V. All rights reserved.

引用

页码：23 / 27

页数：5