Price stickiness, inflation, and persistence in real exchange rate fluctuations: Cross-country results

Economics Letters

Volumn 71, Issue 2, 2001, Pages 247-253

  Khan, Hashmat ^a  

^a BANK OF CANADA   (Canada)

Author keywords

E31; F41; Inflation; Price stickiness; Real exchange rate

Indexed keywords

EID: 0035589352     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1765(01)00370-6     Document Type: Article

References (15)

1. Ball L., Mankiw N.G., Romer D. The new Keynesian economics and the output inflation tradeoff. Brookings Papers on Economic Activity. 1:1988;1-65.
2. Bergin, P.R., Feenstra, R.C., 1999. Pricing-to-market, Staggered Contracts, and Real Exchange Rate Persistence. NBER working paper 7026.
3. Betts C., Devereux M.B. The exchange rate in a model of pricing-to-market. European Economic Review. 40:1996;1007-1021.
4. Blanchard O.J. Individual and aggregate price adjustment. Brookings Papers on Economic Activity. 1:1987;57-122.
5. Calvo G.A. Staggered prices in a utility-maximizing framework. Journal of Monetary Economics. 12:1983;383-398.
6. Chari, V.V., Kehoe, P.J., McGrattan, E.R., 1998. Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles. Federal Reserve Bank of Minneapolis, Research Department Staff Report 223.
7. Dotsey, M., King, R.G., Wolman, A.L., 1998. State Dependent Pricing and the General Equilibrium Dynamics of Money and Output. University of Virginia working paper.
8. Froot K., Rogoff K. Perspective on PPP and long-run real exchange rates. Grossman G., Rogoff K. Handbook of International Economics. Vol. III:1995;1647-1688.
9. Kollman, R., 1997. The Exchange Rate in Dynamic-optimizing Current Account Model With Nominal Rigidities: A Quantitative Investigation. IMF working paper.
10. Lucas R.E. Jr. Some international evidence on output-inflation tradeoffs. American Economic Review. 63:1973;326-334.
11. Romer D. Staggered price setting with endogenous frequency of adjustment. Economics Letters. 32:1990;205-210.
12. Rotemberg J. The New Keynesian Microfoundations. NBER Macroeconomics Annual. 1987;69-104 MIT Press.
13. Obstfeld M., Rogoff K. Foundations of International Macroeconomics. 1996;MIT Press.
14. Taylor J.B. Aggregate dynamics and staggered contracts. Journal of Political Economy. 88:1980;1-23.
15. Yun T. Nominal price rigidity, money supply endogeneity, and the business cycle. Journal of Monetary Economics. 37:1996;345-370.