A Model of Stochastic Process Switching
收藏NBER1981-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w0626
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资源简介：
In this paper we develop a rational expectations exchange rate model which is capable of confronting explicitly agents' beliefs about a future switch in exogenous driving processes. In our set-up the agents know with certainty both the initial exogenous process and the new process to be adopted when
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美国国家经济研究局创建时间：
1981-02-01
