Sources of real exchange rate movements in Saudi Arabia

被引：0
作者：
Aleisa E.A. [1 ]
Dibooĝlu S. [1 ,2 ,3 ]
机构：
[1] Department of Economics, Southern Illinois University
[2] University of Illinois, Urbana-Champaign
来源：
Journal of Economics and Finance | 2002年 / 26卷 / 1期
关键词：
Exchange Rate; Real Exchange Rate; Money Supply; Nominal Exchange Rate; Monetary Shock;
D O I：
10.1007/BF02744455
中图分类号：
学科分类号：
摘要：
The paper investigates the sources of real exchange rate movements in Saudi Arabia by decomposing real exchange rate movements into those attributable to real and nominal shocks. Using a popular structural VAR model and assuming long-run neutrality of nominal shocks, we find that real shocks play a significant role in explaining real exchange rate movements in Saudi Arabia. Using a more disaggregated model, we also find that oil production shocks rather than real oil price shocks are responsible for real exchange rate movements. In order to stabilize the real exchange rate, Saudi Arabia should focus on stabilizing oil production.
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页码：101 / 110
页数：9
相关论文
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