The Equilibrium Approach to Exchange Rates: Theory and Tests
收藏NBER1996-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w5748
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资源简介：
We characterize the equilibrium exchange rate in a general equilibrium economy without imposing strong restrictions on the output processes, preferences, or commodity market imperfections. The nominal exchange rate is determined by differences in initial wealths the currencies of richer countries
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美国国家经济研究局创建时间：
1996-09-01
