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RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation
p
j
(
t
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N
j
(
t
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=
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k
p
j
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t
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n
j
k
(
t
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+
Σ
k
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(
t
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p
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s
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j
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s
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+
j
k
(
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=
1
,
…
,
s
p
s
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j
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=
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k
p
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j
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k
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p
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=
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…
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^
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