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Real Shocks And Equilibrium Real Exchange Rate In A Specific Goods Model

Author

Listed:
  • Hee-Ho Kim

    (Kyungpook National University)

  • Janghwan Park

    (Kyungpook National University)

Abstract

We have explored a specific goods model of exchange rate determination to investigate various shocks effects on the real exchange rate. Changes in the equilibrium real exchange rate faciliate the required changes in the traded and nontraded goods prices to maintain equilibrium in the international goods markets as well as domestic markets. Likely the goods prices changes, changes in the real exchange rate depend on the sources of disturbances and market conditions. In particular, how real shocks affect the real exchange rate depends on the factor intensity of goods production and shares of consumption and production of tradable good by home and abroad.

Suggested Citation

  • Hee-Ho Kim & Janghwan Park, 2004. "Real Shocks And Equilibrium Real Exchange Rate In A Specific Goods Model," Korean Economic Review, Korean Economic Association, vol. 20, pages 323-342.
    • Handle: RePEc:kea:keappr:ker-20041231-20-2-07
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    File URL: http://keapaper.kea.ne.kr/RePEc/kea/keappr/KER-20041231-20-2-07.pdf
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    More about this item

    Keywords

    specific goods; equilibrium real exchange rate; tariff; endowment; technology;
    All these keywords.

    JEL classification:

    • F1 - International Economics - - Trade
    • F3 - International Economics - - International Finance

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