What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)
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There is a well-known set of empirical regularities that describe the experience of countries that peg their exchange rate as part of a macroeconomic adjustment program. Following the peg economies tend to experience an increase in GDP, a large expansion of production in the non-tradable sector, a
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美国国家经济研究局创建时间：
1997-09-01
