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Currency Wars, Trade Wars, and Global Demand

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NBER2021-12-01 更新2025-01-04 收录
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https://www.nber.org/papers/w29603
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This paper presents a tractable model of a global economy in which countries can use a broad range of policy instruments---the nominal interest rate, taxes on imports and exports, taxes on capital flows or foreign exchange interventions. Low demand may lead to unemployment because of downward
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2021-12-01
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