3. Suppose now that R* rises permanently. What happens to the economy, and how does your answer...
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3. Suppose now that R* rises permanently. What happens to the economy, and how does your answer depend on whether the change reflects a rise in the foreign real interest rate or in foreign inflation expectations (the Fisher effect)?
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International Economics Theory And Policy
ISBN: 9780321116399
6th Edition
Authors: Paul R. Krugman, Maurice Obstfeld, Marc Melitz
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