If exchange rates are random walks, Then almost everything we say about Monetary policy is wrong

Fernando Alvarez; Andrew Atkeson; Patrick J. Kehoe

doi:10.1257/aer.97.2.339

If exchange rates are random walks, Then almost everything we say about Monetary policy is wrong

Fernando Alvarez, Andrew Atkeson, Patrick J. Kehoe

Economics (Twin Cities)

Research output: Contribution to journal › Article › peer-review

20 Scopus citations

Original language	English (US)
Pages (from-to)	339-345
Number of pages	7
Journal	American Economic Review
Volume	97
Issue number	2
DOIs	https://doi.org/10.1257/aer.97.2.339
State	Published - May 2007

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If exchange rates are random walks, Then almost everything we say about Monetary policy is wrong

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