Mussa Redux and Conditional PPP
收藏NBER2012-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18331
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资源简介:
Long half-lives of real exchange rates are often used as evidence against monetary sticky price models. In this study we show how exchange rate regimes alter the long-run dynamics and half-life of the real exchange rate, and we recast the classic defense of such models by Mussa (1986) from an
提供机构:
美国国家经济研究局
创建时间:
2012-08-01



