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Price stickiness, inflation, and persistence in real exchange rate fluctuations: cross-country results

Authors
Journal
Economics Letters
0165-1765
Publisher
Elsevier
Publication Date
Volume
71
Issue
2
Identifiers
DOI: 10.1016/s0165-1765(01)00370-6
Keywords
  • Real Exchange Rate
  • Price Stickiness
  • Inflation

Abstract

Abstract Models that emphasize sticky prices to explain persistent real exchange rate fluctuations predict that such fluctuations should be less persistent in high inflation countries relative to low inflation countries. Cross-country regression results, in general, do not support this implication.

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