Fiscal deficits and mean reversion in real exchange rates Academic Article uri icon


  • The mean reversion of real exchange rates in G5 countries depends on both countries' fiscal deficits/surplus in a nonlinear way. When the fiscal policy pushes the real exchange rate to be deviated further away from the equilibrium level, the mean reversion process is faster. 2012 Elsevier B.V.

published proceedings


author list (cited authors)

  • Gu, J., Li, Q. i., & Yang, J.

citation count

  • 0

complete list of authors

  • Gu, Jingping||Li, Qi||Yang, Jian

publication date

  • February 2013