The hysteretic effects on the real exchange rates

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

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