Demary, Markus - Institut für Volkswirtschaftslehre, … - 2007
We extend the model by DeGrauwe and Grimaldi (2006, EER) by currency transaction taxes. This model explains the … analytically that the steady-state of the original model is unaffected by the transaction tax rate. We inferred from numerical … exchange rate behavior by the interaction of heterogeneous traders who display either trend chasing behavior or rely on a …