The Liberalization of the Current Capital Accounts and the Real ExchangeRate
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In this paper a general equilibrium intertemporal model with optimizing consumers and producers is developed to analyze how different policies geared at liberalizing the current and capital accounts of the balance of payments affect the equilibrium real exchange rate (RER). In particular, the
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美国国家经济研究局创建时间：
1987-02-01
