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A Post Keynesian model is developed to examine the main features and consequences of a monetary regime based on inflation targeting. The growth performance of this regime is compared to the one resulting from real exchange rate targets. Inflation targeting is shown to hurt growth and employment...
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output, and the evidence appears to go their way. To reconcile theory and reality, we extend the set of assets included in …
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output, and the evidence appears to go their way. To reconcile theory and reality, we extend the set of assets included in …
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output, and the evidence appears to go their way. To reconcile theory and reality, we extend the set of assets included in …
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