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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Bibliographic details
Main Author: Sopraseuth, Thepthida
Hairault, Jean-Olivier
Format: Paper
Language: English
Place of publication: 2003
Related: CEPREMAP
Data of publication: 2003
Series: CEPREMAP Working Papers (Couverture Orange)
Online Access: available in Bonn?
Database: RePEc
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