Imbs, Jean; Mumtaz, Haroon; Ravn, Morten O.; Rey, Helene - Közgazdaság-tudományi Intézet, Közgazdaság- és … - 2003
dynamics of disaggregated relative prices. When heterogeneity is properly taken into account, estimates of the real exchange … rate half-life fall dramatically, to little more than one year, or significantly below Rogoff’s ‘consensus view’ of three …