Devereux, Michael B.; Yetman, James - Hong Kong Institute for Monetary Research (HKIMR), … - 2002
frequency of price changes of importing firms. But this, in turn,is determined by the monetary policy rule of the central bank …. ¡¥Looser¡¦ monetary policy, which implies a higher mean inflation rate, and a higher volatility of the exchange rate, will lead …