Traded Goods Consumption Smoothing and the Random Walk Behavior of the Real Exchange Rate
收藏NBER1992-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w4119
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资源简介:
Conventional explanations of the near random walk behavior of real exchange rates rely on near random walk behavior in the underlying fundamentals (e.g.. tastes and technology). The present paper offers an alternative rationale, based on a fixed-factor neoclassical model with traded and non-traded
提供机构:
美国国家经济研究局
创建时间:
1992-07-01



