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results from a "deregulation shock" is associated with an accumulation of foreign assets unless production of nontraded goods …
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a "deregulation shock" is associated with an accumulation of foreign assets unless the production of nontraded goods is …
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In this paper we identify the effects of ageing on the relative price of nontradeables versus tradeables. We consider two cases. In a first specification, age effects only account for short-run dynamics. An alternative case allows for permanent age effects. Estimating the respective cases by...
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