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The paper employs a structural vector auto-regression (SVAR) along the lines of Blanchard and Quah (1989) and Clarida and Gali (1994) to identify the sources of changes in German international price competitiveness over the past 30 years. This leads to a separation of the driving forces of the...
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U.S. state-level banking deregulation during the 1980's mitigated the impact of the China trade shock (CTS) on local … integration on demand for housing and on housing prices: faced with an adverse shock to their region's terms-of-trade (i.e. the …
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