Currency Wars? Unconventional Monetary Policy Does Not Stimulate Exports
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I investigate whether countries that use unconventional monetary policy (UMP) experience export booms. I use a popular gravity model of trade which requires neither the exogeneity of UMP, nor instrumental variables for UMP. In practice, countries that engage in UMP experience a drop in exports vis-
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美国国家经济研究局创建时间：
2018-07-01
