RDP 8610: Equilibrium Exchange Rates and a Popular Model of International Asset Demands: An Inconsistency
Equation (26a)
0
=
(
1
−
a
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s
^
+
1
−
Σ
a
^
s
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+
j
)
a
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+
i
e
w
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(
a
s
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1
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a
i
w
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=
2
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…
,
s
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