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The real exchange rate and fiscal policy during the gold standard period: evidence from the United States and Great Britain
Kaminsky, Graciela L.; Klein, Michael - Federal Reserve Board (Board of Governors of the … - 1994
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
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The Real Exchange Rate and Fiscal Policy During the Gold Standard PeriodEvidence from the United States and Great Britain
Kaminsky, Graciela L. - 1994
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
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THE REAL EXCHANGE RATE AND FISCAL POLICY DURING THE GOLD STANDARD PERIOD: EVIDENCE FROM THE UNITED STATES AND GREAT BRITAIN
Kaminsky, Graciela L.; Klein, Michael - 1994
Persistent link: https://www.econbiz.de/10007010893
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The real exchange rate and fiscal policy during the gold standard period : evidence from the United States and Great Britain
Kaminsky, Graciela L. - 1994
Persistent link: https://www.econbiz.de/10013416680