(a) Using the current account identity and the definition of the trade balance, show that under this...

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(a) Using the current account identity and the definition of the trade balance, show that under this policy, net foreign assets follow the equation B+1 = [1 + (1 )r] B.

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Foundations Of International Macroeconomics

ISBN: 9780865716513

1st Edition

Authors: Rogoff, K.

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Question Posted: Nov 13, 2024 03:00 AM

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(a) Using the current account identity and the definition of the trade balance, show that under this policy, net foreign assets follow the equation B+1 = [1 + (1 )r] B.
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(a) Using the current account identity and the definition of the trade balance, show that under this...

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Foundations Of International Macroeconomics

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