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The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates Author info | Abstract | Publisher info | Download info | Related research | Statistics Chinn, Menzie D
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A productivity-based model of East Asian relative prices and real exchange rates is tested using calculated productivity levels for China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan, and Thailand. Time-series regressions of the exchange rate on relative productivity ratios indicate such a relationship for Japan, Malaysia, and the Philippines (and Indonesia and Korea when oil prices are included). Panel regression provides slightly more encouraging results when the panel encompasses a subset of countries (Indonesia, Japan, Korea, Malaysia, and the Philippines). Neither government spending nor the terms of trade appear to be important factors. Copyright 2000 by Blackwell Publishing Ltd.
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Article provided by Blackwell Publishing in its journal Review of International Economics .
Volume (Year): 8 (2000)
Issue (Month): 1 (February)
Pages: 20-43
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Handle: RePEc:bla:reviec:v:8:y:2000:i:1:p:20-43Contact details of provider: Web page: http://www.blackwellpublishing.com/journal.asp?ref=0965-7576
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Paper Menzie David Chinn, 1998.
"The usual suspects? Productivity and demand shocks and Asia-Pacific real exchange rates ,"
Working Papers
31, Oesterreichische Nationalbank (Austrian Central Bank).
[Downloadable!] Menzie David Chinn, 1997.
"The usual suspects? productivity and demand shocks and Asia-Pacific real exchange rates ,"
Pacific Basin Working Paper Series
97-06, Federal Reserve Bank of San Francisco.
[Downloadable!] Chinn, M.D., 1997.
"The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates ,"
Papers
97-06, Economisch Institut voor het Midden en Kleinbedrijf-.
Menzie David Chinn, 1997.
"The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates ,"
NBER Working Papers
6108, National Bureau of Economic Research, Inc.
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