International Prices and Exchange Rates
Ariel Burstein and
Gita Gopinath
No 18829, NBER Working Papers from National Bureau of Economic Research, Inc
Abstract:
We survey the recent empirical and theoretical developments in the literature on the relation between prices and exchange rates. After updating some of the major findings in the empirical literature we present a simple framework to interpret this evidence. We review theoretical models that generate insensitivity of prices to exchange rate changes through variable markups, both under flexible prices and nominal rigidities, first in partial equilibrium and then in general equilibrium.
JEL-codes: E3 F12 F15 F4 (search for similar items in EconPapers)
Date: 2013-02
New Economics Papers: this item is included in nep-mac and nep-opm
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