In this article, a vector autoregressive model is constructed with monthly data from 1992:1 to 2009:12 to investigate the exchange rate propagation mechanisms to real exports of U.S. services and agricultural sectors. Using plausible identification assumptions consistent with many open economy macro models, the results indicate that exchange rate shocks impact services exports more than they do on agricultural exports. Moreover, the shocks are more persistent on services relative to agricultural exports.


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    Title :

    Exchange Rate Shocks and U.S. Services and Agricultural Exports: Which Export Sector is More Affected?


    Contributors:

    Published in:

    Publication date :

    2015




    Type of media :

    Article (Journal)


    Type of material :

    Print


    Language :

    English



    Classification :

    BKL:    83.71 Handel / 83.72 Verkehrswirtschaft
    Local classification FBW:    oek 3855