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This paper shows that real effective exchange rate (REER) regressions, the standard approach for estimating the response of aggregate exports to exchange rate changes, imply biased estimates of the underlying elasticities. We provide a new aggregate regression specification that is consistent...
Persistent link: https://www.econbiz.de/10012000121
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This paper shows that real effective exchange rate (REER) regressions, the standard approach for estimating the response of aggregate exports to exchange rate changes, imply biased estimates of the underlying elasticities. We provide a new aggregate regression specification that is consistent...
Persistent link: https://www.econbiz.de/10012868866
This paper shows that real effective exchange rate (REER) regressions, the standard approach for estimating the response of aggregate exports to exchange rate changes, imply biased estimates of the underlying elasticities. We provide a new aggregate regression specification that is consistent...
Persistent link: https://www.econbiz.de/10012014533
Persistent link: https://www.econbiz.de/10001464943
Persistent link: https://www.econbiz.de/10001477081
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