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While exchange rate dynamics is an important topic in open economy macroeconomics, the standard tool commonly used to introduce exchange rate dynamics - the Dornbusch (1976) seminal paper along with phase diagram - is not well-suited for undergraduate students as most of them do not have yet a...
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einer aktivistischen Geldpolitik), dass aber die zugrundeliegenden Mechanismen in deutlichem Widerspruch zu einem …
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