Can sticky price models generate volatile and persistent real exchange rates?

Can sticky price models generate volatile and persistent real exchange rates?

Bibliographic Details
Main Author: Chari, V.V
Other Authors: Kehoe, Patrick J., McGrattan, Ellen R.
Format: Book
Language:English
Published: Cambridge National Bureau of Economic Research 2000.
Subjects:
Prices > Econometric models.
Foreign exchange rates > Econometric models.
Business cycles > Econometric models.