Uncovered Interest Parity and Monetary Policy Near and Far from the Zero Lower Bound
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Relying upon a standard New Keynesian DSGE, we propose an explanation for two empirical findings in the international finance literature. First, the unbiasedness hypothesis the proposition that expost exchange rate depreciation matches interest differentials is rejected much more strongly at short
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美国国家经济研究局创建时间:
2015-05-01



