A Behavioral Explanation for the Puzzling Persistence of the Aggregate Real Exchange Rate
收藏NBER2020-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w27420
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资源简介：
At the aggregate level, the evidence that deviations from purchasing power parity (PPP) are too persistent to be explained solely by nominal rigidities has long been a puzzle (Rogoff, 1996). Another puzzle from the micro price evidence of the law of one price (LOP), which is the basic building block
提供机构：
美国国家经济研究局
创建时间：
2020-06-01
