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development. Evidence from the failed Industrial Revolution in 14th-century China illustrates the empirical relevance of the …
Persistent link: https://www.econbiz.de/10010884693
two currencies differ according to the magnitude of the 'inflation tax' risk associated with each currency. The inflation …
Persistent link: https://www.econbiz.de/10005776281
We examine the impact of US monetary policy shocks on exchange rates using the monetary policy indicator proposed by Bernanke and Mihov [Quarterly Journal of Economics, 113 (1998) 869–902]. We find evidence for instantaneous, rather than delayed, US dollar overshooting after a monetary shock...
Persistent link: https://www.econbiz.de/10010745023
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Persistent link: https://www.econbiz.de/10011126386
No Abstract
Persistent link: https://www.econbiz.de/10011126454
Persistent link: https://www.econbiz.de/10010884600
This paper attempts to draw lessons for the New Economy from what economists know about technology dissemination and economic growth. It argues that what is most notable about the New Economy is that it is knowledge-driven, not just in the sense that knowledge now assumes increasing importance...
Persistent link: https://www.econbiz.de/10011071192
The recent rapid growth of China’s economy has reopened historical debate about the extent to which it prospered during … remain obscure and inconclusive until the era of the transformation of China’s modern economy in recent decades. There …
Persistent link: https://www.econbiz.de/10011071241
financial cooperation among ASEAN, China, Japan, and South Korea. We could firstly discuss creating the Eastern Asia super …
Persistent link: https://www.econbiz.de/10011071375
Persistent link: https://www.econbiz.de/10010745424