Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
收藏NBER2000-09-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w7869
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资源简介:
The central puzzle in international business cycles is that real exchange rates are volatile and persistent. The most popular story for real exchange rate fluctuations is that they are generated by monetary shocks interacting with sticky goods prices. We quantify this story and find that it can
提供机构:
美国国家经济研究局
创建时间:
2000-09-01



