=+16. The chapters discussion of Inflation Bias and Other Problems of Policy Formulation suggests (page 441, paragraph
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=+16. The chapter’s discussion of “Inflation Bias and Other Problems of Policy Formulation” suggests (page 441, paragraph 4) that there may not really be any such thing as a permanent fiscal expansion. What do you think? How would these considerations affect the exchange rate and output effects of fiscal policy? Do you see any
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Related Book For 
International Economics
ISBN: 9780132146654
9th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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