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  • Richard H. Clarida and Daniel Waldman, Asset Prices and Monetary Policy (University of Chicago Press, 2008), chap. 9, https://www.nber.org/books-and-chapters/asset-prices-and-monetary-policy/bad-news-about-inflation-good-news-exchange-rate-and-if-so-can-tell-us-anything-about-conduct.

Published From Paper

- Working Paper
We show in a simple—but robust—theoretical monetary exchange rate model that the sign of the covariance between an...

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