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364 SUBJECT INDEXMethod of undetermined coefficients,312, 329Dornbusch model, 239Krugman target-zone model,311Lewis peso-problem model,188Stochastic Mundell-Fleming,243Noise-trader model, 201Moment generating function, 10Monetary base, 20Monetary model, 79—103Excess exchange rate volatility,90—92Exchange-rate determination,84—100Long-horizon panel regression,100Of the balance of payments,83—84Peso-problem analysis, 188Target-zone analysisDeterministic continuous time,308—309Stochastic continuous time,309—311Testing present-value form,95Monetary neutralityDornbusch model, 239Pricing to market, 398Redux model, 289Money in the utility function, 265,287Money-demand function, 85Monopolistically competitive Þrm,285, 290Monopoly distortion, 284Moving-average process, 24Moving-average representation ofunit-root time series, 43Multiple equilibria, 341Mundell-Fleming modelStochastic, 241—248Static, 229—236NNational income accounting, 15—18Closed economy, 16Current account, 17Open economy, 16Near observational equivalence inunit-root tests, 50Net foreign asset position, 17Newey-West long-run covariancematrix, 37Noise-Trader Model, 193—202Nominal bond priceLucas model, 118, 123Nontraded goods, 135Normal distribution with meanµ and variance σ 2 ,23OOrdinary least squares (OLS)Asymptotic distribution, 36Out-of-sample prediction and Þt,97Overlapping generations model,194

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