RDP 9001: Is Pitchford Right? Current Account Adjustment, Exchange Rate Dynamics and Macroeconomic Policy
Equation (19)
L=
∑
n
=
0
N
δ
n
{
[
σ(d
n
c
−
d
n
s
)
2
]
+
[
(
1
−
σ
)
(
f
n
c
−
f
n
s
)
2
]
}
.
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