Egorov, Konstantin; Mukhin, Dmitry - 2023
preferences and technologies, time- or state-dependent price setting, and a rich set of shocks. We show that although monetary … countries by improving global demand for dollar-invoiced goods, it is not in the self-interest of the U.S. and may be hard to … policy is less eftcient and cannot implement the flexible-price allocation, inflation targeting and a floating exchange rate …