A Stochastic Equilibrium Model of an Open Economy Under Flexible Exchange Rates
The Quarterly Journal of Economics · 1978 · Volume 92 · Issue 1
Abstract
I. Setup of the model, 149. — II. Determination of the exchange rate and the expected future exchange rate, 154. — III. Effects of exogenous variables, 156. — IV. Incomplete current information, 159. — V. Concluding remarks, 161.
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