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Inflation and Capital Flows

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NBER2022-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w30652
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Over the latest monetary policy tightening cycle, capital has been flowing from jurisdictions with the least aggressive hiking profiles to those with the most aggressive ones. This pattern of capital flows is consistent with the predictions of a standard open-economy model with nominal rigidities
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2022-11-01
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