Research Discussion Paper – RDP 9309 Alternative Concepts of the Real Exchange Rate: A Reconciliation

Contents

• Introduction
• The Theory of Real Exchange Rates
• Sources of Disparity
• Evidence of a Disparity
• Summary and Conclusions
• Appendix: Data
• References

We are grateful to John Pitchford, Richard Whitelaw and Gordon Menzies for helpful comments and discussions, and to Richard De Abreu Lourenco and Christine Groeger for research assistance. Any errors are ours alone. The views expressed herein are those of the authors and do not necessarily reflect those of the Reserve Bank of Australia.