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The main objective of this paper is to analyze the influence of the American recession on the world economy, emphasizing that interdependence is both the cause and the possible solution to the global economic crisis. The paper is structured into five sections. The main conclusions indicate that...
Persistent link: https://www.econbiz.de/10010534059
The main objective of this paper is to analyze the influence of the American recession on the world economy, emphasizing that interdependence is both the cause and the possible solution to the global economic crisis. The paper is structured into five sections. The main conclusions indicate that...
Persistent link: https://www.econbiz.de/10010641104
is warranted. ; We then turn to the adjustment process. First, we present evidence that a narrowing of Japan's record … slower than would have been predicted by a simple econometric model, if Japanese trade. We then explore several possible … Japanese export prices than in the past, and the slow pass-through of terms-of-trade gains to consumer prices. Evidence is also …
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