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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