Iversen, Jens; Ulf S?derstr?m - In: American Economic Review 104 (2014) 3, pp. 1072-89
In an article published in the American Economic Review, J?n Steinsson (2008) argues that two sticky price models driven by real shocks can explain the observed persistence, volatility and hump-shaped impulse response function of the real exchange rate. This comment shows, first, that correcting...