Égert, Balázs; Leonard, Carol S. - William Davidson Institute, University of Michigan - 2007
far been spared the perverse effects of oil price increases from 1996 to 2005. The real exchange rate in the open sector … model of the exchange rate and a variety of real exchange rate models show that the rise in the price of oil and in oil …-oil manufacturing has so far been spared the
perverse effects of oil price increases from 1996 to 2005. The real exchange rate
in the …