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I examine the transmission of expansionary U.S. monetary policy in case where developing countries -- including China -- peg their currencies to the dollar. I evaluate the value of the dollar peg as a fraction of consumption that households would be willing to pay for the dollar peg to remain as...
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a range of questions about the global economy. Wolf discusses the paradoxes and puzzles within China's political economy … the global economy." - Publisher's description … the government's belt doesn't have to squeeze the economy -- Explaining the recovery's puzzles -- The Fed and inequality …
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