RDP 8906: A Random Walk Around the $A: Expectations, Risk, Interest Rates and Consequences for External Imbalance
Equation
W
t+1
=
W
t
.
(
1
+
i
us
)
.
[
1
+
xδ
]
/
(
P
us
t+1
/
P
us
t
)
.
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