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The monetary model of exchange rates revisited

โœ Scribed by Moosa, Imad A.


Book ID
120475516
Publisher
Taylor and Francis Group
Year
1994
Tongue
English
Weight
619 KB
Volume
4
Category
Article
ISSN
0960-3107

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## Abstract In this paper, I first estimate a structural VAR model by following Clarida and Gali (1994) and obtain results indicating that the variance of real exchange rates can be attributed more to monetary shocks when the sample span is extended. In order to further investigate this aspect, I t