Essays on the dynamics of the U.S. real exchange rate

• Main Author: Li, Yingzhu
• Other Authors: Chia Wai Mun
• Format: Theses and Dissertations
• Language: English
• Published: 2014
• Subjects: DRNTU::Social sciences::Economic theory::Macroeconomics
• Institution: Nanyang Technological University

The existing new open-economy macroeconomic literature is almost entirely developed based on the sticky price model. However, the sticky price framework has received both theoretical and empirical criticism over the years. Recently, the sticky information model is introduced as an alternative by add...