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talked about yesterday, data on net foreign asset positions should be informative about. For instance, if you know a country holds a lot of foreign
yen-denominated bonds, then shocks to Japan should move the NFA in a somewhat predictable way. I think that's one area where these models could be expanded and
improved. To go quickly through a few others, you know, our model relies on CES substitution patterns, a lot of very
Listen to native speakers pronounce “denominated” in real conversational contexts with synchronized timestamps and subtitles.
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