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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 2007 97(2), 339-345

If Exchange Rates are Random Walks, Then Almost Everything We Say About Monetary Policy is Wrong by Fernando Alvarez, Andrew Atkeson and Patrick J. Kehoe. Published in volume 97, issue 2, pages 339-345 of American Economic Review, May 2007

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If Exchange Rates Are Random Walks, Then Almost Everything We Say About Monetary Policy Is Wrong