Exchange Rate Disconnect in General Equilibrium
收藏NBER2017-05-01 更新2025-01-04 收录
下载链接:
https://www.nber.org/papers/w23401
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资源简介:
We propose a dynamic general equilibrium model of exchange rate determination, which simultaneously accounts for all major puzzles associated with nominal and real exchange rates. This includes the Meese-Rogoff disconnect puzzle, the PPP puzzle, the terms-of-trade puzzle, the Backus- Smith puzzle,
提供机构:
美国国家经济研究局
创建时间:
2017-05-01



