Tekijä: | Bergin, P. R. Feenstra, R. C. |
Otsikko: | Pricing-to-market, staggered contracts, and real exchange rate persistence |
Lehti: | Journal of International Economics
2001 : AUG, VOL. 54:2, p. 333-359 |
Asiasana: | Exchange rates Pricing |
Vapaa asiasana: | Real exchange rate |
Kieli: | eng |
Tiivistelmä: | This paper explores an explanation for the high degree of persistance and volatility observed in real exchange rate data. In particular, it considers a class of preferences that are translogin form, which exhibit the property that the elasticity of demand is not constant. |
SCIMA