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PDF-NBER WORKING PAPER SERIESARE EXCHANGE RATESEXCESSIVELY VARIABLEJeffrey PDF document

NBER Working Paper 2249May 1987Are Exchange RatesExcessively VariableABSTRACTUnnecessary variation isdefined as variationnot attributable tovariation in fundamentalsIn

exchange rate variance expectations rate exchange expectations variance tests risk rates 1986 model expected real spot premium equation market

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