Exchange Rates, Inflation and the Sterilization Problem: Germany, 1975-1981
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When the goals of internal and external macroeconomic equilibrium are in conflict, sterilized intervention in the foreign exchange market may provide an independent policy instrument through which the central bank can resolve its dilemma in the short run. This paper is concerned with the West German
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美国国家经济研究局创建时间:
1982-08-01



