Pricing to Market, Staggered Contracts, and Real Exchange Rate Persistence
收藏NBER1999-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w7026
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资源简介：
This paper offers an explanation for the persistence observed in real exchange rate movements. The model combines pricing to market behavior with sticky prices generated by staggered contracts. A translog preference structure is sued to enhance both features. The paper finds that openness limits the
提供机构：
美国国家经济研究局
创建时间：
1999-03-01
