Do Sticky Prices Increase Real Exchange Rate Volatility at the Sector Level?
NBER Working Paper No. 16081
---- Acknowledgements -----
We thank Yasushi Iwamoto and seminar participants at the Federal Reserve Bank of Atlanta, Clemson University, the Federal Reserve Bank of Dallas, Otaru University of Commerce for their helpful discussion and comments. We are grateful to John Taylor for his encouragement at the early stage of the project. We also thank Virgiliu Midrigan for providing the data set used in the analysis. Mario J. Crucini and Mototsugu Shintani gratefully acknowledge the financial support of National Science Foundation (SES- 0524868). Takayuki Tsuruga gratefully acknowledges the financial support of Grant-in-aid for Scientific Research. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.