Conventional and unconventional approach
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Ron Alquist; Menzie D. Chinn
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Article
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2008
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John Wiley and Sons
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English
β 169 KB
## Abstract We examine the relative predictive power of the sticky price monetary model, uncovered interest parity, and a transformation of net exports and net foreign assets. In addition to bringing Gourinchas and Rey's new approach and more recent data to bear, we implement the ClarkβWest procedu