TY  - GEN
AU  - Ayres, João
AU  - Hevia, Constantino
AU  - Nicolini, Juan Pablo
TI  - Real Exchange Rates and Primary Commodity Prices: Mussa Meets Backus-Smith
PY  - 2021
Y1  - 2021/12/10
DO  - 10.18235/0003838
AB  - 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.
UR  - https://doi.org/10.18235/0003838
ER  -