Devereux, Michael B. (contributor); … - 2006
the Euro Area and the United States. The conference organisers were
Ignazio Angeloni, Matt Canzoneri, Dale Henderson, and … foreign to home export goods. In this
case, the exchange rate may play a role in facilitating relative price adjustment in …’s
model has PCP for intermediate export prices and LCP for consumer prices. Surprisingly, he
finds that optimal exchange …