Exchange rates and individual good's price misalignment: Some preliminary evidence of long-horizon predictability

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Dong, Wei; Nam, Deokwoo;
  • Publisher: Bank of Canada Ottawa
  • Subject: F31 | F47 | Exchange rates | International topics | Preisrigidität | Wechselkurs | Internationaler Preiszusammenhang | Kaufkraftparität | USA | Japan | Großbritannien
    • ddc: ddc:330

When prices are sticky, movements in the nominal exchange rate have a direct impact on international relative prices. A relative price misalignment would trigger an adjustment in consumption and employment, and may help to predict future movements in the exchange rate. ... View more
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