Browsing College of Arts and Science by Author "Tsuruga, Takayuki"
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Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki (Vanderbilt University, 2008)Volatile and persistent real exchange rates are observed not only in aggregate series but also in the individual good level data. Kehoe and Midrigan (2007) recently showed that, under a standard assumption on nominal price ...
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Crucini, Mario J.; Shintani, Mototsugu; Tsuruga, Takayuki (Vanderbilt University, 2011)We introduce the real exchange rate volatility curve as a useful device to understand the relationship between price stickiness and the fluctuations in Law of One Price deviations. In the presence of both nominal and real ...