Bergin, Paul R.; Glick, Reuven; Wu, Jyh-Lin - In: Journal of Monetary Economics 68 (2014) C, pp. 101-114
fixed exchange rate period, when the half-life was roughly half as large in our sample. This finding supports sticky price … models as an explanation for real exchange rate behavior, extending the classic argument of Mussa (1986) from a focus on …