The Dynamic Behavior of the Real Exchange Rate in Sticky Price Models

Jón Steinsson

NBER Working Paper No. 13910
Issued in April 2008

---- Acknowledgements -----

I would like to thank Kenneth Rogoff for invaluable advice and encouragement. I would also like to thank Marianne Baxter, Philippe Bacchetta, Gita Gopinath, Mico Loretan, Anna Mikushava, Emi Nakamura, Maurice Obstfeld, Thorarinn Petursson, John Rogers, James Stock and seminar participants at Harvard and the Federal Reserve Board for helpful comments and discussions. I would like to thank the Icelandic Center for Research for financial support. The views expressed herein are those of the author(s) and do not necessarily reflect the views of the National Bureau of Economic Research.

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