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Rational Speculation and Exchange Rates

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NBER2001-07-01 更新2025-01-04 收录
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https://www.nber.org/papers/w8362
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In this paper we develop a general equilibrium model of exchange rates where expectations of future variables directly affect the current exchange rate through an 'asset-market' term. This term, which results from the assumptions of incomplete asset markets and segmented product markets, does not
创建时间:
2001-07-01
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