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  3. American Economic Review
  4. May 2007
  5. If Exchange Rates are Random Walks, Then Almost Everything We Say About Monetary Policy is Wrong

American Economic Review

ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)

If Exchange Rates are Random Walks, Then Almost Everything We Say About Monetary Policy is Wrong

  • Fernando Alvarez
  • Andrew Atkeson
  • Patrick J. Kehoe
American Economic Review
vol. 97, no. 2, May 2007
(pp. 339–345)
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Citation

Alvarez, Fernando, Andrew Atkeson, and Patrick J. Kehoe. 2007. "If Exchange Rates are Random Walks, Then Almost Everything We Say About Monetary Policy is Wrong." American Economic Review, 97 (2): 339–345. DOI: 10.1257/aer.97.2.339

Additional Materials

JEL Classification

  • E52 Monetary Policy
  • F31 Foreign Exchange