Explain the difference between the real exchange rate channel and the real interest rate channel. Which of
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Explain the difference between the real exchange rate channel and the real interest rate channel. Which of these channels has to dominate for the economy to revert to equilibrium after a shock without any active policy response?
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Related Book For
Macroeconomics Institutions Instability And The Financial System
ISBN: 9780199655793
1st Edition
Authors: Wendy Carlin, David Soskice
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