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n.a.
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This paper offers a reappraisal of the inflation-unemployment tradeoff, based on ?frictional growth,? describing the interplay between nominal frictions and money growth. When the money supply grows in the presence of price inertia (due to staggered wage contracts with time discounting), the...
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and especially the oil market. For example the withdrawal of the USA from the Kyoto Protocol and the allocation mechanism …
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