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Previous work by Dixit and Woodland on the effect of inter-country factor endowment differences on goods trade is … extended to include simultaneous factor trade and goods trade. The goods trade pattern with factor trade is compared to that … without factor trade. It is for instance shown that goods trade and factor trade may be substitutes or complements, depending …
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-market economies. The chapter discusses the history, macroeconomic effects, theory, practice, and future of inflation targeting …
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-market economies. The chapter discusses the history, macroeconomic effects, theory, practice, and future of inflation targeting …
Persistent link: https://www.econbiz.de/10013131986
This paper discusses how price stability can be defined and how price stability can be maintained in practice. Some lessons for the Eurosystem are also considered. With regard to defining price stability, the choice between price-level stability and low (including zero) inflation and the...
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