salem witch trials

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Title: salem witch trials

Essay Details:

Subject: Book Reports

Author: Thomas B

Date: November 9, 2015

Level: University

Grade: A

Length: 27 / 8087

Essay text:

More recently, since the publication of Obstfeld and Rogoff's (1995) seminal "redux" paper, the new open-economy macroeconomics has attempted to explain exchange rate developments in the context of dynamic general equilibrium models that incorporate imperfect competition and nominal rigidities. Empirically, these theoretical developments have fared poorly at explaining exchange rate dynamics, at least over relatively short horizons, and several exchange rate puzzles have been highlighted. The increasing role played by international financial markets in developed economies constitutes a persuasive argument to explore possible relationships between returns on risky assets and exchange rates dynamics...

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