@misc{31462,
title = {Real Exchange Rates and Primary Commodity Prices: Mussa Meets Backus-Smith},
author = {Ayres, João and Hevia, Constantino and Nicolini, Juan Pablo},
year = {2021},
doi = {10.18235/0003838},
abstract = {We show that explicitly modeling primary commodities in an otherwise totally standard incomplete markets open economy model can go a long way in explaining the Mussa puzzle and the Backus-Smith puzzle, two of the main puzzles in the international economics literature.},
url = {https://doi.org/10.18235/0003838}
}