4. Credibility and monetary policy. Consider a cash-in-advance variant of the model of section 10.2, in which

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4. Credibility and monetary policy. Consider a cash-in-advance variant of the model of section 10.2, in which representative agent j's utility function is given by U = [ log C + (1 - y) logs (1)] 3=1

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Foundations Of International Macroeconomics

ISBN: 9780262150477

1st Edition

Authors: Maurice Obstfeld, Kenneth S. Rogoff

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