=+ 4. This appendix considers the case of a large open economy with a fl oating exchange

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=+ 4. This appendix considers the case of a large open economy with a fl oating exchange rate, but suppose instead that a large open economy has a fi xed exchange rate. That is, the central bank announces a target for the exchange rate and

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Macroeconomics

ISBN: 9781429240024

8th Edition

Authors: N Gregory Mankiw

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