Not So Disconnected: Exchange Rates and the Capital Stock
Published Date
Copyright 2016
DOI 10.1016/j.jinteco.2015.12.003
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Copy CitationTarek A. Hassan, Thomas M. Mertens, and Tony Zhang, NBER International Seminar on Macroeconomics 2015 (Journal of International Economics (Elsevier), Volume 99, Supplement 1, 2016), chap. 4, https://www.nber.org/books-and-chapters/nber-international-seminar-macroeconomics-2015/not-so-disconnected-exchange-rates-and-capital-stock.
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We investigate the link between stochastic properties of exchange rates and differences in capital-output ratios...