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This paper extends our previous paper (Aizenman, Chinn, and Ito 2008) and explores some of the unexplored questions. First, we examine the channels through which the trilemma policy configurations affect output volatility. Secondly, we investigate how trilemma policy configurations affect the...
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for numerous economies in 2008 and 2009, and on to a fragile recovery in New Zealand and the world since 2010. This … and stressful times for numerous economies in 2008 and 2009, and on to a fragile recovery in New Zealand and the world …
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