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through 1998 the evidence in the paper suggests that CBI is unrelated to inflation during the early stages of liberalization …, legal CBI and inflation are significantly and negatively related.These findings are consistent with the view that legal CBI … slowing inflation down and the cumulative liberalization index developed by de Melo et. al.(1996) becomes relatively less …
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pact corrects the average debt bias, inflation, which is attuned to the union-average debt level, is more stable. …
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