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An immigration shock has an ambiguous effect on inflation. On one hand, aggregate consumption increases with a suddenly …. The response of an inflation-targeting central bank to an immigration shock is, therefore, not obvious. We study these … country that has experienced a substantial immigration flow in recent years …
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The West African Economic and Monetary Union (WAEMU) is a currency union with a fixed exchange rate and limited capital mobility and, therefore, an independent monetary policy in the short run. The Central Bank of West African States (BCEAO) is conducting the single monetary policy with the main...
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What caused the financial crisis -- What prolonged the crisis -- Why the crisis worsened dramatically a year after it began -- What went right in the two decades before the crisis -- Why a black swan landed in the money market in August 2007
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of an aging population and a declining working age population, hence highlighting the pertinence of immigration as a … the pertinence of immigration as a possible solution. …
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