Spiegel, Mark (contributor); Valderrama, Diego (contributor) - 2003 - [Elektronische Ressource]
environments: One with only idiosyncratic firm shocks, and one
with both idiosyncratic shocks and shocks to the dollar-euro rate … dominates when we also introduce shocks to the dollar-euro rate.
JEL classification: F31; F32; F34
Keywords …
dollars and output is denominated in pesos, we take the euro as the numeraire of world value.
We can then examine the …