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Elasticity of Substitution and the Persistence of the Deviation of the Real Exchange Rates

✍ Scribed by A. K. M. Mahbub Morshed; Stephen J. Turnovsky

Book ID
111004327
Publisher
John Wiley and Sons
Year
2006
Tongue
English
Weight
397 KB
Volume
10
Category
Article
ISSN
1363-6669

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## Abstract We examine the relationship between market structure and the persistence of US dollar‐based sectoral real exchange rates for 14 OECD countries. Our empirical results based on disaggregated data suggest that differences in market structure significantly determine the rates at which devia