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This paper proposes a simple explanation for the frequent appearance of a price puzzle in VARs designed for monetary policy analysis. It suggests that the best method of solving the puzzle implies a close connection between theory and empirics rather than the introduction of a commodity price....
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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 …
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