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Interest Rates, Exchange Rates and International Adjustment

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NBER2005-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w11771
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资源简介:
In this paper we examine the behavior of interest rates and exchange rates following a variety of shocks to the international monetary system. Our analysis suggests that real interest rates in the US and Europe will remain low relative to historical experience for an extended period but converge
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2005-11-01
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