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In this paper we introduce a flexible target zone model that is capable of characterizing the dynamic behaviour of an exchange rate implied by the original target zone model of Krugman (1991) and its modifications. Our framework also enables the modeller to estimate an implicit target zone if it...
Persistent link: https://www.econbiz.de/10001786381
Walter Korpi argues in a previous issue of Challenge (March/April 2000) that Swedish economists' claim that Sweden …'s growth performance has been inferior to that of other industrialized countries is at odds with the facts. Since Sweden has … wrong regarding Sweden's relative growth performance. Available data indicate that Sweden was lagging behind during the 1970 …
Persistent link: https://www.econbiz.de/10001600036