Nominal Rigidity, Desired Markup Variations, and Real Exchange Rate Persistence Staff Working Paper 2002-26 Hafedh Bouakez This paper develops and estimates a dynamic general-equilibrium sticky-price model that accounts for real exchange rate persistence. Content Type(s): Staff research, Staff working papers Topic(s): Exchange rates, Market structure and pricing, Monetary policy transmission JEL Code(s): F, F3, F31, F4, F41