The Dynamic Behavior of the Real Exchange Rate in Sticky Price Models
收藏NBER2008-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w13910
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资源简介：
Existing empirical evidence suggests that real exchange rates exhibit hump-shaped dynamics. I show that this is a robust fact across nine large, developed economies. This fact can help explain why existing sticky-price business cycle models have been unable to match the persistence of the real
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美国国家经济研究局创建时间：
2008-04-01
