Because Switzerland has been in a liquidity trap all the time it has defended its currency floor,
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Because Switzerland has been in a liquidity trap all the time it has defended its currency floor, does our discussion of liquidity trap theory in Chapter 17 suggest why Swiss inflation has not been raised by the SNB’s heavy foreign exchange purchases?
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Related Book For 
International Economics Theory And Policy
ISBN: 9781292409719
12th Edition
Authors: Paul Krugman , Maurice Obstfeld, Marc Melitz
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