REAL EXCHANGE-RATES AND REAL INTEREST DIFFERENTIALS - HAVE WE MISSED THE BUSINESS-CYCLE RELATIONSHIP

被引：108

作者：

BAXTER, M

机构：

[1] University of Virginia, Charlottesville

来源：

JOURNAL OF MONETARY ECONOMICS | 1994年 / 33卷 / 01期

关键词：

REAL EXCHANGE RATES; REAL INTEREST DIFFERENTIALS;

D O I：

10.1016/0304-3932(94)90012-4

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the link between real exchange rates and real interest differentials over the recent floating-rate period. In contrast to earlier econometric studies, we find evidence of a relationship, with the strongest link at trend and business-cycle frequencies, Because these prior studies focused on high-frequency components of the data, they found no statistical link between real exchange rates and real interest differentials.

引用

页码：5 / 37

页数：33

共 36 条

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