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Targeting the Exchange Rate: An Empirical Investigation

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NBER1991-03-01 更新2025-01-04 收录
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https://www.nber.org/papers/w3662
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资源简介:
The purpose of this paper is to implement empirically a variant of the new theory of exchange rate targeting, suitable for high inflation small open economies. The theory formulates an expectations induced relationship between the exchange rate and the fundamental subject to random shocks and target
创建时间:
1991-03-01
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