Real Exchange Rate Fluctuations and the Business Cycle; Evidence From Japan

Article, Preprint OPEN
Bankim Chadha; Eswar Prasad;
(1996)
  • Journal: Staff Papers - International Monetary Fund, volume 44, issue 3 September, pages 328-355
  • Subject: Japan;Business cycle fluctuations, real effective exchange rate, structural vector autoregression, exchange rate, real exchange rate, effective exchange rate, error variance
    • jel: jel:E32 | jel:F41

This paper analyzes the relationship between the real exchange rate and the business cycle in Japan during the floating rate period. A structural vector autoregression is used to identify different types of macroeconomic shocks that determine fluctuations in aggregate o... View more
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