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RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation (11a)
dw
=
w
[
r
+
a
(
r
^
+
μ
e
−
r
)
−
c
/
w
]
dt
+
w
[
a
σ
e
d
z
e
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaamizaiaadE hacqGH9aqpcaWG3bGaai4waGqaciaa=jhacaWFRaGaa8xyaiaabIca ceWFYbGbaKaacaWFRaGaeqiVd02aaSbaaSqaaiaadwgaaeqaaOGaey OeI0Iaa8NCaiaabMcacaqGTaGaaiyxaiabgkHiTiaa=ngacaGGVaGa a83Daiaac2facaWFKbGaa8hDaiabgUcaRiaa=DhacaGGBbGaa8xyai abeo8aZnaaBaaaleaacaWGLbaabeaakiaa=rgacaWF6bWaaSbaaSqa aiaadwgaaeqaaOGaaiyxaaaa@572B@