Why is the business-cycle behaviour of f
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Luca Dedola; Sylvain Leduc
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Article
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2001
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John Wiley and Sons
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English
β 205 KB
π 1 views
## Abstract Since the adoption of flexible exchange rates, real exchange rates have been much more volatile than they were under Bretton Woods. However, the volatilities of most other macroeconomic variables have remained approximately unchanged. This poses a puzzle for standard international busin