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Monetary Policy: Domestic Targets and International Constraints

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NBER1983-01-01 更新2025-01-04 收录
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This paper argues that macroeconomic policies for open economies differ, in fundamentally important ways, from the corresponding policies for closed economies.The openness of the economy imposes constraints on the effectiveness and proper conduct of macroeconomic policies and it also provides policy

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1983-01-01
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