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International Monetary Coordination and the Great Deviation

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NBER2013-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w18716
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Research in the early 1980s found that the gains from international coordination of monetary policy were quantitatively small compared to simply getting domestic policy right. That prediction turned out to be a pretty good description of monetary policy in the 1980s, 1990s, and until recently.
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2013-01-01
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