Insignificant and Inconsequential Hysteresis: The Case of the U.S. Bilateral Trade
收藏NBER1994-05-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w4738
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资源简介：
This paper casts doubt on the validity of the hysteresis hypothesis as an explanation of the persistent U.S. trade deficits in the 1980s. We propose two tests to investigate two different implications of the hypothesis. The first implication is that cumulative changes in exchange rates, in addition
提供机构：
美国国家经济研究局
创建时间：
1994-05-01
