Exchange Rates and Fundamentals: A General Equilibrium Exploration
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Note: Current Draft: April 15, 2019, This is a revised version of a paper previously circulated under the title of “Exchange Rates and Fundamentals: Closing a Two-country Model.”, Includes Online Appendix
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- Takashi Kano, 2021. "Exchange Rates and Fundamentals: A General Equilibrium Exploration," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 53(1), pages 95-117, February.
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More about this item
Keywords
Exchange rate; Present-value model; Economic fundamental; Random walk; Two-country model; Incomplete market; Cointegrated TFPs; Perfect risk sharing;All these keywords.
JEL classification:
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- E37 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Forecasting and Simulation: Models and Applications
- F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
NEP fields
This paper has been announced in the following NEP Reports:- NEP-CBA-2016-03-23 (Central Banking)
- NEP-DGE-2016-03-23 (Dynamic General Equilibrium)
- NEP-MAC-2016-03-23 (Macroeconomics)
- NEP-OPM-2016-03-23 (Open Economy Macroeconomics)
Statistics
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