RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation (A.11)
dF
=
[
E
c
^
h
Q
^
−
c
f
Q
]
dt
+
{
Σ
k
Σ
j
>
s
n
j
k
[
d
p
j
Q
]
−
Σ
k
Σ
j
>
s
^
n
^
j
k
d
[
E
p
^
j
Q
^
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaaiizaiaacA eacqGH9aqpcaGGBbGaaiyraiqacogagaqcamaaBaaaleaacaWGObaa beaakiqacgfagaqcaiabgkHiTiaacogadaWgaaWcbaGaamOzaaqaba GccaGGrbGaaiyxaiaacsgacaGG0bGaey4kaSIaai4EaiabggHiLpaa BaaaleaacaWGRbaabeaakiabggHiLpaaBaaaleaacaWGQbGaeyOpa4 Jaam4CaaqabaGccaWGUbWaa0baaSqaaiaadQgaaeaacaWGRbaaaOGa ai4waiaacsgacaGGWbWaaSbaaSqaaiaadQgaaeqaaOGaaiyuaiaac2 facqGHsislcqGHris5daWgaaWcbaGaam4AaaqabaGccqGHris5daWg aaWcbaGaamOAaiabg6da+iqadohagaqcaaqabaGcceWGUbGbaKaada qhaaWcbaGaamOAaaqaaiaadUgaaaGccaWGKbGaai4waiaacweaceGG WbGbaKaadaWgaaWcbaGaamOAaaqabaGcceGGrbGbaKaacaGGDbaaaa@681C@