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44 p, 521.1 KB Analyzing aggregate real exchange rate persistence through the lens of sectoral data / Mayoral, Laura ; Gadea, Mª Dolores ; Universitat Autònoma de Barcelona. Unitat de Fonaments de l'Anàlisi Econòmica ; Institut d'Anàlisi Econòmica
In this paper we analyze the persistence of aggregate real exchange rates (RERs) for a group of EU-15 countries by using sectoral data. The tight relation between aggregate and sectoral persistence recently investigated by Mayoral (2008) allows us to decompose aggregate RER persistence into the persistence of its different subcomponents. [...]
2009 (Working papers ; 787.09)  

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