RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation (A.7)
dw
(
t
)
=
{
[
1
−
Σ
j
a
j
(
t
)
]
[
d
p
1
(
t
)
/
p
1
(
t
)
]
+
Σ
j
a
j
(
t
)
[
d
p
j
(
t
)
/
p
j
(
t
)
]
w
(
t
)
−
{
Σ
i
c
i
(
t
)
q
i
(
t
)
dt
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