Now showing items 1-3 of 3
Accounting for Persistence and Volatility of Good-Level Real Exchange Rates: The Role of Sticky Information'
(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 ...
Exchange Rate Pass-Through and Inflation:A Nonlinear Time Series Analysis
(Vanderbilt University, 2009)
This paper investigates the relationship between the exchange rate pass-through (ERPT) and inflation by estimating a nonlinear time series model. Using a simple theoretical model of ERPT determination, we show that the ...
Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?
(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 ...