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Alternative Concepts of the Real Exchange Rate: A Reconciliation

1 Jul 1993 RDP 9309
Jacqueline Dwyer and Philip Lowe
Research Discussion Papers contain the results of economic research within the Reserve Bank
https://www.rba.gov.au/publications/rdp/1993/9309.html

Introduction

1 Jul 1993 RDP 9309
Jacqueline Dwyer and Philip Lowe
The widespread reference to the real exchange rate stems, in large part, from the belief that it is a useful summary measure of key economic information. ... In large part, disagreement stems from the fact that the term ‘real exchange rate’ has been
https://www.rba.gov.au/publications/rdp/1993/9309/introduction.html

The Theory of Real Exchange Rates

1 Jul 1993 RDP 9309
Jacqueline Dwyer and Philip Lowe
While explicit reference to this domestic price ratio as a real exchange rate stems from Gregory (1976), the notion was popularised by Dornbusch (1980).
https://www.rba.gov.au/publications/rdp/1993/9309/theory-real-exchange-rates.html