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This paper applies a novel approach to study the impact of different shocks on the price level. It uses a classical dichotomy model with monetary policy regime shifts at known dates. First, there was a regime dominated by money, afterwards a regime driven by the exchange rate and a third one...
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This paper aims to investigate the relationship between Foreign Direct Investment (FDI) inflows and their macroeconomic determinants in Middle East and North Africa (MENA) region during the period 1970-2010. Using recent panel data techniques, we take into account the both hypothesis economic...
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