Report
Toward a Better Understanding of Macroeconomic Interdependence
Abstract: The concept of a representative foreign economy has no proper justification in the literature, and the consequences of aggregating the rest of the world into one representative economy are not fully understood.
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https://www.dallasfed.org/~/media/documents/institute/annual/2014/annual14d.pdf
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Provider: Federal Reserve Bank of Dallas
Part of Series: Annual Report, Globalization and Monetary Policy Institute
Publication Date: 2014
Pages: 16-21