Fiscal deficits and mean reversion in real exchange rates Academic Article

abstract

• 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.

authors

• Li, Qi

published proceedings

• ECONOMICS LETTERS

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

publisher

• Elsevier  Publisher

published in

• Economics Letters  Journal

keywords

• Fiscal Deficits
• Non-additive And Nonlinear Effects
• Real Exchange Rates

Digital Object Identifier (DOI)

• 10.1016/j.econlet.2012.11.022

start page

• 300

end page

• 303

volume

• 118

issue

• 2

URL

• http://dx.doi.org/10.1016/j.econlet.2012.11.022