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1answer
30 views

Economics simplification of stochastic transition of capital

I'm taking an macro-econ paper and I can't seem to work out the following simplification. Basically somehow by combining equation 4.14 and ...
1
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1answer
230 views

Logarithmic terms

I've found a formula derivation in my international economics book, but I can't understand how it was derived. It says $ E P X = P^* IMP $ where E is the exchange rate, P is the level of national ...