How Well Can the New Open Economy Macroeconomics Explain the Exchange Rate and Current Account?
收藏NBER2004-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10356
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资源简介：
This paper advances the new open economy macroeconomic (NOEM) literature in an empirical direction, estimating and testing a two-country model. Fit to U.S and G-7 data, the model performs moderately well for the exchange rate and current account. Results offer guidance for future theoretical work.
提供机构：
美国国家经济研究局
创建时间：
2004-03-01
