Market frictions and real exchange rates 1 Special thanks are due to Piet Sercu for his helpful comments and suggestions. My thanks are also due to John Campbell, Don Davis, Ken Froot, Jordan Rappaport, Jim Stock, Alan Taylor, Aaron Tornell, Shang-Jin Wei and seminar participants at the Board of Governor's of the Federal Reserve, Chicago Business School, Columbia University, the Federal Reserve Bank of New York, Harvard University, The Kellogg School at Northwestern University, the NBER, Stanford Business School, the Stern School of Business at NYU, UCLA, and the University of Wisconsin. All errors are my own responsibility. 1
Titel:
Market frictions and real exchange rates 1 Special thanks are due to Piet Sercu for his helpful comments and suggestions. My thanks are also due to John Campbell, Don Davis, Ken Froot, Jordan Rappaport, Jim Stock, Alan Taylor, Aaron Tornell, Shang-Jin Wei and seminar participants at the Board of Governor's of the Federal Reserve, Chicago Business School, Columbia University, the Federal Reserve Bank of New York, Harvard University, The Kellogg School at Northwestern University, the NBER, Stanford Business School, the Stern School of Business at NYU, UCLA, and the University of Wisconsin. All errors are my own responsibility. 1