The Real Exchange Rates of Germany
Jerome L. Stein
Brown University - Division of Applied Mathematics; CESifo (Center for Economic Studies and Ifo Institute for Economic Research)
University of Mainz - Department of Economic Theory
Center for Economic Studies Working Paper at University of Munich, Number 68
First: we explain, within the context of a theoretically consistent model, what are the fundamental external and internal determinants of the real effective exchange rate of Germany. Second: we explain how one should view the real effective exchange rate in evaluating the competitiveness of the German economy.
JEL Classification: F31, F32, F34, F47working papers series
Date posted: September 16, 1999
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