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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, M.D.
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The evidence for a productivity-based explanation for real exchange rate behavior of East Asian currencies is examined. Using sectoral output and employment data, relative prices and relative productivities are calculated for China, Indonesia, Japan, Korea, Malaysia, Philippines, Singapore, Taiwan and Thailand. Time series regressions of the real exchange rate on relative prices indicate a role for relative prices for Indonesia, Japan and Korea.
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Paper provided by Economisch Institut voor het Midden en Kleinbedrijf- in its series Papers with number
97-06.
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Length: 34 pages
Date of creation: 1997Date of revision:
Handle: RePEc:fth:midkle:97-06Contact details of provider: Postal: ECONOMISCH INSTITUT VOOR HET MIDDEN EN KLEINBEDRIJF, RESEARCH INSTITUTE FOR SMALL AND MEDIUM-SIZED BUSINESS IN THE NETHERLANDS, NEUHUYS.
For technical questions regarding this item, or to correct its listing, contact: (Thomas Krichel).
Keywords: EXCHANGE RATE PRODUCTIVITY TRADE ASIA Other versions of this item:
Article 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!] 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.
[Downloadable!] (restricted) Find related papers by JEL classification: F31 - International Economics - - International Finance - - - Foreign Exchange F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
References listed on IDEAS Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.:
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[Downloadable!] (restricted) Menzie Chinn & Louis Johnston, 1996.
"Real Exchange Rate Levels, Productivity and Demand Shocks: Evidence from a Panel of 14 Countries ,"
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Other versions: Marston, Richard C., 1990.
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Matthew B. Canzoneri & Robert E. Cumby & Behzad Diba, 1996.
"Relative Labor Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries ,"
NBER Working Papers
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Other versions:
Canzoneri, Matthew B & Cumby, Robert & Diba, Behzad, 1996.
"Relative Labour Productivity and the Real Exchange Rate in the Long Run: Evidence for a Panel of OECD Countries ,"
CEPR Discussion Papers
1464, C.E.P.R. Discussion Papers.
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"Relative labor productivity and the real exchange rate in the long run: evidence for a panel of OECD countries ,"
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"Accounting for U.S. Real Exchange Rate Changes ,"
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Engel, C., 1996.
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Discussion Papers in Economics at the University of Washington
96-02, Department of Economics at the University of Washington.
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Charles Engel, 1996.
"Long-Run PPP May Not Hold After All ,"
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Other versions:
Engel, C., 1996.
"Long-Run PPP May Not Hold After All ,"
Discussion Papers in Economics at the University of Washington
96-05, Department of Economics at the University of Washington.
Charles Engel, 1998.
"Long-Run PPP May Not Hold After All ,"
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"Long-Run PPP May Not Hold After All ,"
Discussion Papers in Economics at the University of Washington
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"Does the real exchange rate follow a random walk? The Pacific Basin perspective ,"
Journal of International Money and Finance ,
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[Downloadable!] (restricted)
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references Cited by : (explanations , Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile , click on "citations" and make appropriate adjustments.)
Stacie Beck & Cagay Coskuner, 2003.
"Tax Effects on the Real Exchange Rate ,"
Working Papers
03-11, University of Delaware, Department of Economics.
[Downloadable!]
Hong-Ghi Min, 2002.
"Inequality, the price of nontradables, and the real exchange rate : theory and cross-country evidence ,"
Policy Research Working Paper Series
2758, The World Bank.
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Ken Miyajima, 2005.
"Real Exchange Rates in Growing Economies: How Strong Is the Role of the Nontradables Sector? ,"
IMF Working Papers
05/233, International Monetary Fund.
[Downloadable!]
Yin-Wong Cheung & Menzie D. Chinn & Eiji Fujii, 2008.
"Pitfalls in Measuring Exchange Rate Misalignment: The Yuan and Other Currencies ,"
NBER Working Papers
14168, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted)
Michael Funke & Jorg Rahn, 2004.
"By How Much Is The Chinese Renminbi Undervalued? ,"
Money Macro and Finance (MMF) Research Group Conference 2004
40, Money Macro and Finance Research Group.
[Downloadable!]
Menzie D. Chinn, 1998.
"Before the Fall: Were East Asian Currencies Overvalued? ,"
NBER Working Papers
6491, National Bureau of Economic Research, Inc.
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Other versions: Pablo Astorga, 2007.
"Real Exchange Rates in Latin America: what does the 20th Century reveal? ,"
Working Papers in Economic History
wp07-03, Universidad Carlos III, Departamento de Historia Económica e Instituciones.
[Downloadable!]
Menzie David Chinn, 1997.
"On the won and other East Asian currencies ,"
Pacific Basin Working Paper Series
97-07, Federal Reserve Bank of San Francisco.
[Downloadable!]
Other versions:
Menzie D. Chinn, 1998.
"On the Won and Other East Asian Currencies ,"
NBER Working Papers
6671, National Bureau of Economic Research, Inc.
[Downloadable!] (restricted) Chinn, M.D., 1997.
"ON the Won: And Other East Asian Currencies ,"
Papers
97-07, Economisch Institut voor het Midden en Kleinbedrijf-.
Chinn, Menzie D, 1999.
"On the Won and Other East Asian Currencies ,"
International Journal of Finance & Economics ,
John Wiley & Sons, Ltd., vol. 4(2), pages 113-27, April.
[Downloadable!] (restricted) Funke, Michael & Rahn, Jörg, 2004.
"Just how undervalued is the Chinese renminbi? ,"
BOFIT Discussion Papers
14/2004, Bank of Finland, Institute for Economies in Transition.
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Other versions:
Michael Funke & Jörg Rahn, 2005.
"Just how Undervalued is the Chinese Renminbi ,"
Quantitative Macroeconomics Working Papers
20504, Hamburg University, Department of Economics.
[Downloadable!] Michael Funke & Jörg Rahn, 2005.
"Just How Undervalued is the Chinese Renminbi? ,"
The World Economy ,
Blackwell Publishing, vol. 28(4), pages 465-489, 04.
[Downloadable!] (restricted)
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