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RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation
w
(
t
+
h
)
=
Σ
j
n
j
(
t
)
p
j
(
t
)
+
Σ
j
n
j
(
t
)
[
p
j
(
t
+
h
)
−
p
j
(
t
)
]
MathType@MTEF@5@5@+= feaagKart1ev2aaatCvAUfeBSjuyZL2yd9gzLbvyNv2CaerbuLwBLn hiov2DGi1BTfMBaeXatLxBI9gBaerbd9wDYLwzYbItLDharqqtubsr 4rNCHbGeaGqiVu0Je9sqqrpepC0xbbL8F4rqqrFfpeea0xe9Lq=Jc9 vqaqpepm0xbba9pwe9Q8fs0=yqaqpepae9pg0FirpepeKkFr0xfr=x fr=xb9adbaqaaeGaciGaaiaabeqaamaabaabaaGcbaGaai4DaiaacI cacaGG0bGaey4kaSIaaiiAaiaacMcacqGH9aqpcqGHris5daWgaaWc baGaamOAaaqabaGccaWGUbWaaSbaaSqaaiaadQgaaeqaaOGaaiikai aacshacaGGPaGaaiiCamaaBaaaleaacaWGQbaabeaakiaacIcacaGG 0bGaaiykaiabgUcaRiabggHiLpaaBaaaleaacaWGQbaabeaakiaad6 gadaWgaaWcbaGaamOAaaqabaGccaGGOaGaaiiDaiaacMcacaGGBbGa aiiCamaaBaaaleaacaWGQbaabeaakiaacIcacaGG0bGaey4kaSIaai iAaiaacMcacqGHsislcaGGWbWaaSbaaSqaaiaadQgaaeqaaOGaaiik aiaacshacaGGPaGaaiyxaaaa@5D15@