| dc.creator | Chionis, D. | en |
| dc.date.accessioned | 2015-11-23T10:24:37Z | |
| dc.date.available | 2015-11-23T10:24:37Z | |
| dc.date.issued | 2002 | |
| dc.identifier | 10.1080/02692170210161174 | |
| dc.identifier.issn | 2692171 | |
| dc.identifier.uri | http://hdl.handle.net/11615/26637 | |
| dc.description.abstract | In this paper we investigate the dynamics developed from the exchange rate relative price relationship using a hysteresis framework. The rationale for such hysteretic effects is in terms of firms' unresponsiveness to the exchange rate changes due to pricing to market-type arguments. The empirical support of these ideas is derived by applying a linear approximation of the hysteretic effects. We conclude that the hysteretic effects are a source of non-linearity, strongly affecting the long-run relationship of exchange rate and prices. | en |
| dc.source | International Review of Applied Economics | en |
| dc.source.uri | http://www.scopus.com/inward/record.url?eid=2-s2.0-0036818905&partnerID=40&md5=85dea0956906e4fa2bcc7d01ce65f838 | |
| dc.subject | nonlinearity | en |
| dc.subject | price dynamics | en |
| dc.subject | purchasing power parity | en |
| dc.subject | real exchange rate | en |
| dc.title | The hysteretic effects on the real exchange rates | en |
| dc.type | journalArticle | en |
