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The DD-AA Model for Exchange Rates and Output
Автор: Scott W. Hegerty
Загружено: 2019-11-12
Просмотров: 23996
Описание:
We derive the DD and AA curves in a macroeconomic model that determines a country's equilibrium exchange rate and output simultaneously. We then show the effects of expansionary fiscal and monetary policy on these variables in the short run under a floating-rate regime. Additional material available at bit.ly/2yO4GUS.
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