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 [1996], lays stress on the deviation from the law of one price due to Pricing-To-Market (PTM) behavior whereas the second mechanism,...
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| Main Author: |
Hairault, Jean-Olivier
Sopraseuth, Thepthida |
|---|---|
| Format: | Publication |
| Language: | English |
| Place of publication: |
01.01.2003 |
| Data of publication: | 2003-01-01 |
| Classification Codes: |  |
| Online Access: | available in Bonn? |
| Database: | OpenAIRE (Open Access) OpenAIRE Database information Databases - DBIS |