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There is good reason and much evidence to suggest that the real exchange rate matters for economic growth, but why? The ""Washington Consensus"" (WC) view holds that real exchange rate misalignment implies macroeconomic imbalances that are themselves bad for growth. In contrast, Rodrik (2008)...
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research on decision theory which has marked developments in this field. His book Entscheidungskriterien bei Risiko, published …
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