Question
According to evidence, the correlation between exchange rate movements and the trade balance is not perfect and there appears to be a lag between, say,
According to evidence, the correlation between exchange rate movements and the trade balance is not perfect and there appears to be a lag between, say, a currency depreciation and the rise in the trade balance. Explain this lag.
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Intermediate Microeconomics and Its Application
Authors: Walter Nicholson, Christopher M. Snyder
12th edition
978-1133189022, 1133189024, 1133189032, 978-1305176386, 1305176383, 978-0357687000, 978-1133189039
