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aggregate labor supply and savings. Next, we turn to economic growth, and describe how accounting for families is central for …
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aggregate labor supply and savings. Next, we turn to economic growth and describe how accounting for families is central for …
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This paper studies dynamics of endogenous business cycles and exchange rate volatility in a small open economy. Without market imperfections, domestic price and wage adjustments respond sluggishly to disequilibrium situations on real domestic markets while prices on international capital markets...
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