Bergin, Paul R.; Glick, Reuven; Wu, Jyh-Lin - In: Journal of Monetary Economics 68 (2014) C, pp. 101-114
models as an explanation for real exchange rate behavior, extending the classic argument of Mussa (1986) from a focus on … short-run volatility to long-run dynamics. Two thirds of the rise in real exchange rate variance observed across exchange …