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Macroeconomic Determinants of Real Exchange Rates

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NBER1981-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0801
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This paper presents a model that integrates money, relative prices, and the current account balance as factors explaining movements in nominal (effective) exchange rates. Thus money and the current account are the proximate determinants of changes in real (effective) rates. The basic model is first
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1981-11-01
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