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. Hanson, Jeremy C. Stein ; Commentary / Randall S. Kroszner -- Funding quantitative easing to target inflation / Ricardo Reis …'s operational framework in post-crisis times / Benoît Coeuré -- Re-anchoring inflation expectations via 'quantitative and …
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This paper presents a general model of the determination of the interest rate and the exchange rate which is relevant for a small economy with any degree of capital mobility. The model is tested by using the quarterly data of Korea and Singapore. The emperical results show that in the Korean...
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