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A Theory of Current Account and Exchange Rate Determinations

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NBER1983-08-01 更新2025-01-04 收录
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The purpose of this paper Is to construct a two-period, two-country model that derives the current account, the exchange rate,the terms of trade, and real interest rates from optimal behavior principles.This is done by constructing a model that uses money mainly as a means of exchange, where the

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1983-08-01
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