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This paper examines the exchange rate predictability stemming from the equilibrium model of international financial adjustment developed by Gourinchas and Rey (2007). Using predictive variables that measure cyclical external imbalances for country pairs, we assess the ability of this model to...
Persistent link: https://www.econbiz.de/10013131587
This paper examines the exchange rate predictability stemming from the equilibrium model of international financial adjustment developed by Gourinchas and Rey (2007). Using predictive variables that measure cyclical external imbalances for country pairs, we assess the ability of this model to...
Persistent link: https://www.econbiz.de/10013008788
-DAY QUESTIONS -- V FRANCE SUFFERED TWO SEPARATE INFLATIONS: WARTIME AND POST-WAR -- VI THE POST-WAR INFLATION -- VII SWIFT CRISES IN … THE YEARS FROM 1922 TO 1925 -- VIII FRANCE PROFOUNDLY AFFECTED BY INFLATION -- IX RISING PRICES DID NOT BRING PROSPERITY … -- X ESTIMATE OF LOSS AMOUNTING TO MANY BILLIONS OP FRANCS -- XI CONTROL OF INFLATION FAILED IN FRANCE -- XII WHERE CAN …
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