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not accounted for by differences in workers' characteristics, occupations, nor for differences in the employers' locations …
Persistent link: https://www.econbiz.de/10012660114
Can a country gain international competitiveness by the design of optimal monetary stabilization rules? This paper reconsiders this question by specifying an open-economy monetary model encompassing a 'production relocation externality,' developed in trade theory to analyze the benefits from...
Persistent link: https://www.econbiz.de/10012459306