Real Effective Exchange Rate and the Constant Elasticity of Substitution Assumption /
The real effective exchange rate is an aggregation of several bilateral real exchange rates with respect to other countries. The aggregation is usually done under the assumption of constant elasticity of substitution (CES) between products from different countries. We investigate the validity of thi...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2000.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2000/128 |
| Онлайн доступ: | Full text available on IMF |