Oil prices and productivity impact UAE's real exchange rate dynamics
The article examines how the real exchange rate in the UAE behaves over time. It looks at factors like oil prices, terms of trade, and productivity differences to understand how these affect the exchange rate. The study uses data from 1980 to 2016 and uses statistical models to analyze the relationship between these factors and the exchange rate. The findings suggest that these specific factors play a role in determining the behavior of the real exchange rate in the UAE.