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The Taylor rule, wealth effects and the exchange rate
In this study, we develop Taylor rule and Taylor rule-based exchange rate models that consider wealth effects as represented by both asset prices and asset wealth. Using data for Australia, Sweden, the UK and the US, we find...
The Taylor rule, wealth effects and the exchange rate
In this study, we develop Taylor rule and Taylor rule-based exchange rate models that consider wealth effects as represented by both asset prices and asset wealth. Using data for Australia, Sweden, the UK and the US, we find...