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In this paper, the interaction between inflation and monetary policy rules is analysed within the framework of a dynamic general equilibrium model derived from optimising behaviour and rational expectations. Using model simulations, it is illustrated that the control of monetary policy over the...
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This paper discusses some of the recent developments in growth theory, doing so from the perspective of a small open …
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techniques used in research on optimal policy, including rational expectations theory, timeconsistency analysis, the Lucas …
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