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RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation (3)
a
j
(
t
)
≡
n
j
(
t
)
p
j
(
t
)
p
j
(
t
)
/
w
(
t
)
j
=
2
,
…
,
s
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaqbaeaabeGaaa qaaiaabggadaWgaaWcbaGaaeOAaaqabaGccaGGOaGaaeiDaiaacMca cqGHHjIUcaqGUbWaaSbaaSqaaiaabQgaaeqaaOGaaiikaiaabshaca GGPaGaaeiCamaaBaaaleaacaqGQbaabeaakiaacIcacaqG0bGaaiyk aiaabchadaWgaaWcbaGaaeOAaaqabaGccaGGOaGaaeiDaiaacMcaca GGVaGaae4DaiaacIcacaqG0bGaaiykaaqaaiaabQgacqGH9aqpcaaI YaGaaiilaiablAciljaacYcacaqGZbaaaaaa@5376@