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Switzerland starting in 1852. We use a time-varying parameter vector autoregressive model to estimate long-term trends in nominal … decline in the level of inflation. Comparing Switzerland with the rest of the world, we show that while Swiss real interest …
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belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war, these nations suspended …
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belligerents: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war, these nations suspended …
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: Britain, France, Italy, Germany, and Austria-Hungary. At the outbreak of the war these nations suspended convertibility of …
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The failure of uncovered interest parity can be ascribed to the existence of a risk premium. The size of this risk premium may shrink to zero over sufficiently small intervals of time. In contrast, because no interest is paid on intradaily positions and interest is instead paid discretely at the...
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