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create a vicious circle of depreciation and rising domestic prices, and about the roles played by the natural unemployment …
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create a vicious circle of depreciation and rising domestic prices, and about the roles played by the natural unemployment …
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The dominant role of the "new consensus models" in central banks' policy-making in the last two decades has triggered the reaction of post-Keynesian economists to examine alternatives to inflation-targeting monetary strategies and to Taylor-type interest rate rules. This paper develops a simple...
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