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Expectations and Exchange Rate Policy

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NBER2006-05-01 更新2025-01-04 收录
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https://www.nber.org/papers/w12213
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Both empirical evidence and theoretical discussion have long emphasized the impact of "news" on exchange rates. In most exchange rate models, the exchange rate acts as an asset price, and as such responds to news about future returns on assets. But the exchange rate also plays a role in determining
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2006-05-01
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