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This important new book builds upon the seminal work by Obsfeld and Rogoff, Foundations of International Macroeconomics and aims at providing a coherent and modern framework for thinking about exchange rate dynamics. With a wide range of contributions, this book is likely to be welcomed by the macroeconomics and financial community.
AA / International- internationaal --- 305.92 --- 333.450 --- Foreign exchange rates --- -332.456 --- Exchange rates --- Fixed exchange rates --- Flexible exchange rates --- Floating exchange rates --- Fluctuating exchange rates --- Foreign exchange --- Rates of exchange --- Econometrie van de internationale handel. Handelsbalans, betalingsbalans. Wissel. --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit. --- Econometric models --- Rates --- 332.456 --- Econometrie van de internationale handel. Handelsbalans, betalingsbalans. Wissel --- Theorie van het deviezenverkeer. Theorie van de koopkrachtpariteit --- Foreign exchange rates. --- Econometric models. --- Économétrie --- Taux de change
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Foreign exchange rates --- Foreign exchange rates --- Econometric models
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Older people --- Employment --- Government policy
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Using a general equilibrium heterogeneous agent model featuring health production, we quantify the contribution of health price in explaining cross-country differences in health expenditures and health status. Considering other country-specific explanatory factors, U.S. health prices are estimated to be 33% higher than those of European countries. This price differential explains more than 60% of the difference in health expenditures and more than half of the difference in health status between Europe and the U.S. Despite its large impact at the aggregate level, these price differences increase the lifetime cost of living of Americans by two percentage points.
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