It takes the average reader and 34 minutes to read Real Exchange Rate Fluctuations and the Business Cycle by Mr.Bankim Chadha
Assuming a reading speed of 250 words per minute. Learn more
This paper analyzes the relationship between the real exchange rate and the business cycle in Japan during the floating rate period. A structural vector autoregression is used to identify different types of macroeconomic shocks that determine fluctuations in aggregate output and the real exchange rate. Relative nominal and real demand shocks are found to be the main determinants of variation in real exchange rate changes, while relative output growth is driven primarily by supply shocks. Historical decompositions suggest that the sharp appreciations of the yen in 1993 and 1995 and its subsequent depreciation can be attributed primarily to relative nominal shocks.
Real Exchange Rate Fluctuations and the Business Cycle by Mr.Bankim Chadha is 34 pages long, and a total of 8,636 words.
This makes it 11% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 47 minutes to read Real Exchange Rate Fluctuations and the Business Cycle aloud.
Real Exchange Rate Fluctuations and the Business Cycle is suitable for students ages 8 and up.
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