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results suggest that under Colombia's inflation targeting regime, which incorporates exchange rate flexibility and a highly …
Persistent link: https://www.econbiz.de/10012764341
to assess the potential impact of different combinations of monetary and fiscal policies on output, inflation, and the …
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We present an analytically tractable two-country New Open Economy Macroeconomics model of a currency union featuring an overlapping gen- erations structure of the Blanchard (1985)-Yaari (1965) type. It enables us to study the transmission and spillover effects of a wider range of fiscal shocks...
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results suggest that under Colombia’s inflation targeting regime, which incorporates exchange rate flexibility and a highly …
Persistent link: https://www.econbiz.de/10014402239
This paper investigates the international spillovers of government debt and the associated risk of inflation within a … inflation at the cost of the funded country. In response to these conflicting interests about inflation, inflation risk may rise … with the level of debt in the PAYG country. Higher inflation risk harms both countries. Actually, in contrast to the debt …
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