The role of fundamentals on the persistence of real exchange rate misalignments in Argentina, Brazil, Chile, Mexico and Venezuela

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This research analyses the behaviour of misalignments of the structural real exchange rate (relative tradable to non-tradable prices) and PPP real exchange rate (relative foreign to domestic prices adjusted by the nominal exchange rate) for Argentina, Brazil, Chile, Mexico and Venezuela. Both real e...

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Autor principal: Zarzosa Valdivia, Fernando
Formato: conferenceObject
Lenguaje:Inglés
Publicado: Asociación Argentina de Economía Política 2021
Materias:
Structural and PPP real Exchange Rate
Persistence
Cointegration
Fundamentals
Overshooting
Acceso en línea:http://hdl.handle.net/11086/19442
Aporte de:
Repositorio Digital Universitario (UNC) de Universidad Nacional de Córdoba
id I10-R14111086-19442
record_format dspace
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-141
collection Repositorio Digital Universitario (UNC)
language Inglés
topic Structural and PPP real Exchange Rate
Persistence
Cointegration
Fundamentals
Overshooting
spellingShingle Structural and PPP real Exchange Rate
Persistence
Cointegration
Fundamentals
Overshooting
Zarzosa Valdivia, Fernando
The role of fundamentals on the persistence of real exchange rate misalignments in Argentina, Brazil, Chile, Mexico and Venezuela
topic_facet Structural and PPP real Exchange Rate
Persistence
Cointegration
Fundamentals
Overshooting
description This research analyses the behaviour of misalignments of the structural real exchange rate (relative tradable to non-tradable prices) and PPP real exchange rate (relative foreign to domestic prices adjusted by the nominal exchange rate) for Argentina, Brazil, Chile, Mexico and Venezuela. Both real exchange rate misalignments exhibit an overshooting behaviour (monotonous, but not linear, adjustment), a pattern showing an up and down movement, when a temporary shock hits the economy. After a temporary (permanent, due to fundamentals) shock hits the economy, real exchange rate misalignment disappear between 10 to 17 (21 to 45) months.
format conferenceObject
author Zarzosa Valdivia, Fernando
author_facet Zarzosa Valdivia, Fernando
author_sort Zarzosa Valdivia, Fernando
title The role of fundamentals on the persistence of real exchange rate misalignments in Argentina, Brazil, Chile, Mexico and Venezuela
title_short The role of fundamentals on the persistence of real exchange rate misalignments in Argentina, Brazil, Chile, Mexico and Venezuela
title_full The role of fundamentals on the persistence of real exchange rate misalignments in Argentina, Brazil, Chile, Mexico and Venezuela
title_fullStr The role of fundamentals on the persistence of real exchange rate misalignments in Argentina, Brazil, Chile, Mexico and Venezuela
title_full_unstemmed The role of fundamentals on the persistence of real exchange rate misalignments in Argentina, Brazil, Chile, Mexico and Venezuela
title_sort role of fundamentals on the persistence of real exchange rate misalignments in argentina, brazil, chile, mexico and venezuela
publisher Asociación Argentina de Economía Política
publishDate 2021
url http://hdl.handle.net/11086/19442
work_keys_str_mv AT zarzosavaldiviafernando theroleoffundamentalsonthepersistenceofrealexchangeratemisalignmentsinargentinabrazilchilemexicoandvenezuela
AT zarzosavaldiviafernando roleoffundamentalsonthepersistenceofrealexchangeratemisalignmentsinargentinabrazilchilemexicoandvenezuela
bdutipo_str Repositorios
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