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We study the determinants of the dollar/pound real exchange rate from 1879 to 1914 focusing on the role of fiscal policy. We present a simple dynamic model of the real exchange rate to frame our analysis. The econometric results are based upon the decomposition of the sources of the innovation...
Persistent link: https://www.econbiz.de/10005498917
Persistent link: https://www.econbiz.de/10001298962
Persistent link: https://www.econbiz.de/10000895072
We study the determinants of the dollar/pound real exchange rate from 1879 to 1914 focusing on the role of fiscal policy. We present a simple dynamic model of the real exchange rate to frame our analysis. The econometric results are based upon the decomposition of the sources of the innovation...
Persistent link: https://www.econbiz.de/10012474111
Persistent link: https://www.econbiz.de/10007010893
Persistent link: https://www.econbiz.de/10013416680