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deflationary impulses for the rest of the world economy. The jury is still out on whether the second largest economy, China, will …
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-- E. CHINA TOO NEEDS TO ADJUST, BUT IT CANNOT BE A GLOBAL LOCOMOTIVE -- F. BRINGING IN THE BYSTANDERS: GERMANY AND JAPAN …. CONCLUSIONS -- CHAPTER 3 -- EXPORT DEPENDENCE, SUSTAINABILITY OF GROWTH AND ADJUSTMENT IN CHINA -- A. INTRODUCTION -- B …. MEASUREMENT OF CONTRIBUTION OF EXPORTS TO ECONOMIC GROWTH -- C. IMPORT CONTENT OF EXPORTS -- D. TO WHAT EXTENT IS GROWTH IN CHINA …
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We analyze the importance of global shocks for the global economy and national policy makers. More specifically, we investigate whether monetary policy has become less effective in the wake of financial globalization. We also examine whether there is increasing uncertainty for central banks due...
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