Public Infrastructure and Regional Economic Development: A Simultaneous Equations Approach

Duffy-Deno, Kevin; Eberts, Randall

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Working Paper

Public Infrastructure and Regional Economic Development: A Simultaneous Equations Approach

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An analysis of how central-bank exchange-market intervention can affect both the level of exchange rates and the risk premium in asset returns, showing how the risk premium is related to the conditional variances of intervention and other exogenous processes.

08.01.1989WP 89-09

Suggested Citation

Duffy-Deno, Kevin, and Randall Eberts. 1989. “Public Infrastructure and Regional Economic Development: A Simultaneous Equations Approach.” Federal Reserve Bank of Cleveland, Working Paper No. 89-09.

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Public Infrastructure and Regional Economic Development: A Simultaneous Equations Approach

Suggested Citation

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