The Importance of Nontradable Goods' Prices in Cyclical Real Exchange Rate Fluctuations
by Sergio Rebelo, Ariel Burstein, Martin Eichenbaum, National Bureau of Economic Research
Changes in the price of nontradable goods relative to tradable goods account for roughly 50 percent of the cyclical movements in real exchange rates.
Writing a summary for young readers…
For young readers
Book data: Open Library