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. In the other country, say Europe, the exchange rate change worsens inflation.This paper starts from the premise that … to a more contractionary monetary policy in order to fight inflation. Given the U.S. contraction, it might be desirable … aggregate output and inflation.This conclusion follows from the assumption that in each of two sectors,nontraded goods or …
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. In the other country, say Europe, the exchange rate change worsens inflation.This paper starts from the premise that … to a more contractionary monetary policy in order to fight inflation. Given the U.S. contraction, it might be desirable … aggregate output and inflation.This conclusion follows from the assumption that in each of two sectors,nontraded goods or …
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