3An empirical analysis of real exchange rate movements in the euro
3An empirical analysis of real exchange rate movements in the euro
复制标题
3欧元实际汇率变动的实证分析
DOI：
10.1080/00036840802600319
复制
发表时间：
2011
影响因子：
2.2
通讯作者：
Naoko Hamori
中科院分区：
文献类型：
--
作者：
Shigeyuki Hamori;Naoko Hamori
本研究使用长期结构向量自回归（SVAR）方法来确定欧元的真实的汇率波动的来源。实证结果表明，真实的冲击在解释欧元真实的汇率波动中起主导作用。这意味着，政策制定者提高欧盟竞争力的最佳途径是关注效率、技术和生产率等真实的经济的改善。
This study uses a long-run Structural Vector Autoregressive (SVAR) approach to identify the sources of real exchange rate fluctuations in the euro. The empirical results indicate that real shocks play a dominant role in explaining the real exchange rate fluctuations in the euro. This implies that the best approach for policymakers toward improving the competitiveness of the EU is to focus on improvements in the real economy, such as improvements in efficiency, technologies and productivity.