Accounting for Real Exchange Rates Using Micro-data
---- Acknowledgements -----
This paper was written while Mario Crucini was a visiting senior fellow at the Globalization and Monetary Policy Institute at the Federal Research Bank of Dallas. Mario Crucini gratefully acknowledges the financial support of the National Science Foundation. We are grateful to participants at the 2011 Econometric Society Winter Meetings, the 2011 Canadian Macroeconomic Study Group Meetings, the 2011 Midwest Macroeconomics Meetings, the 2010 Society for Economic Dynamics, the University of Melbourne, Université Laval, the Federal Reserve Bank of Dallas, the Board of Governors of the Federal Reserve System and Vanderbilt University. We particularly thank Dean Corbae, Mick Devereux, Rebecca Hellerstein, Karen Lewis, John Rogers, and Robert Vigfusson for their detailed comments. The views in this paper are our responsibility and should not be interpreted as reflecting the views of the Federal Reserve Bank of Dallas, the Federal Reserve System, or the National Bureau of Economic Research.