Skip to content
RDP 2001-04: Measuring the Real Exchange Rate: Pitfalls and Practicalities
Equation (6)
r
e
r
t
=
r
e
r
τ
−
B
×
∏
i
b
r
e
r
i
,
t
w
(
i
,
τ
)
∏
i
b
r
e
r
i
,
τ
−
B
w
(
i
,
τ
)
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYfdmGievaebbnrfi fHhDYfgasaacH8srps0lbbf9q8WrFfeuY=Hhbbf9v8qqaqFr0xc9pk 0xbba9q8WqFfea0=yr0RYxir=Jbba9q8aq0=yq=He9q8qqQ8frFve9 Fve9Ff0dmeaabaqaciGacaGaaeqabaWaaeaaeaaakeaacaWGYbGaam yzaiaadkhadaWgaaWcbaGaamiDaaqabaGccqGH9aqpcaWGYbGaamyz aiaadkhadaWgaaWcbaGaeqiXdqNaeyOeI0IaamOqaaqabaGccqGHxd aTdaWcaaqaamaarababaGaamOyaiaadkhacaWGLbGaamOCamaaDaaa leaacaWGPbGaaiilaiaacshaaeaacaWG3bWaaeWaaeaacaWGPbGaai ilaiabes8a0bGaayjkaiaawMcaaaaaaeaacaWGPbaabeqdcqGHpis1 aaGcbaWaaebeaeaacaWGIbGaamOCaiaadwgacaWGYbWaa0baaSqaai aadMgacaGGSaGaeqiXdqNaeyOeI0IaamOqaaqaaiaadEhadaqadaqa aiaadMgacaGGSaGaeqiXdqhacaGLOaGaayzkaaaaaaqaaiaadMgaae qaniabg+Givdaaaaaa@6447@