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of competitiveness that adjusts for uncertainty and supply-side constraints greatly outperforms the REER in tracking …
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This paper reviews alternative approaches to measuring an economy''s cost competitiveness and proposes some new …
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policies could help Benin achieving a smooth transition from public to private sector-led growth …
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Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the real exchange rate. Using a two-sector dependent open economy model with...
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