Title of article
Raw materials world price changes and exchange rates in a small open economy
Author/Authors
Juan A. Garcia-Cebro، نويسنده , , Ramon Varela-Santamaria، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2007
Pages
8
From page
132
To page
139
Abstract
This paper studies the impact of a rise in the world price of imported raw materials (oil) on the small open economy exchange rate. We obtain a depreciation which magnitude depends on the share and substitutability in the productive structure.
Keywords
Exchange rates , raw materials , New open economy macroeconomics
Journal title
Economics Letters
Serial Year
2007
Journal title
Economics Letters
Record number
436200
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