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Euro-dollar real exchange rate dynamics in an estimated two-country model : what is important and what is not /

We use a Bayesian approach to estimate a standard two-country New Open Economy Macroeconomics model using data for the United States and the euro area, and we perform model comparisons to study the importance of departing from the law of one price and complete markets assumptions. Our results can be...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Rabanal, Pau (Author), Tuesta, Vicente (Author)
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, 2006.
Series:IMF working paper ; WP/06/177.
Subjects:
Online Access:Texto completo

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