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The Open Economy: Implications for Monetary and Fiscal Policy

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NBER1984-08-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1422
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The exchange rate has by 1984 become as central to United States economic policy discussions as it has long been in the rest of the world. In this paper we show how the standard closed-economy macroeconomic model -- the Phillips curve augmented IS-LM analysis -- has to be modified for the United
创建时间:
1984-08-01
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