Cavallo, Michele; Tille, Cédric - Federal Reserve Bank of San Francisco - 2006
adjustment is robust to alternative scenarios, although the ultimate movements in exchange rates are affected. … adjustment is robust to alternative scenarios, although
the ultimate movements in exchange rates are affected.
keywords: Current … account; Exchange rates
jel classification codes: F31; F32; F41
We thank Pierre-Olivier Gourinchas, Luca Guerrieri, Maurice …