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economies. The literature is in- conclusive about the cyclical nature of remittance inflows. To the extent remittances are … remittances increase strongly. The same is true for a policy easing under exceptionally weak remittance inflows. This paper … remittances. These results have important implications for the design of inflation targeting in developing countries. …
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In Canada, targeting the inflation rate was intended as a temporary measure on a journey to price-level stability, but became a well-established monetary policy regime in its own right. This paper analyses the role of the interaction of economic ideas with the experience generated by their...
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