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The Exchange Rate as an Industrial Policy

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NBER2024-06-01 更新2025-01-04 收录
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https://www.nber.org/papers/w32522
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资源简介:
We study the role of exchange rates in industrial policy. We construct an open-economy macroeconomic framework with production externalities and show that the desirability of these policies critically depends on the dynamic patterns of externalities. When they are stronger in earlier stages of
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2024-06-01
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