Exchange rate determination in a model of pricing-to-market and nontradeables
The international macroeconomic literature attributes the nominal and real exchange rate volatility to two mechanisms. The first one, underlined by Betts and Devereux , lays stress on the deviation from the law of one price due to Pricing-To-Market (PTM) behavior whereas the second mechanism,...
|Place of publication:||
|Data of publication:||2003-01-01|
|Online Access:||available in Bonn?|
|Database:||OpenAIRE (Open Access)
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