Accounting for Persistence and Volatility of Good-Level Real Exchange Rates: The Role of Sticky Information
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https://www.nber.org/papers/w14381
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资源简介:
Volatile and persistent real exchange rates are observed not only in aggregate series but also in the individual good level data. Kehoe and Midrigan (2007) recently showed that, under a standard assumption on nominal price stickiness, empirical frequencies of micro price adjustment cannot replicate
提供机构:
美国国家经济研究局
创建时间:
2008-10-01



