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This is in context of new zealand 1) If the exchange rate is flexible how volatile have fluctuations being - could volatility be explained by

This is in context of new zealand

1) If the exchange rate is flexible how volatile have fluctuations being - could volatility be explained by any of the theories of exchange rate determination

Do we explain the dornbusch-sticky price model? please elaborate

2) How sensitive is the economy to changes in the exchange rate

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