Deindustrialization, Reindustrialization, and the Real Exchange Rate
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This paper models an economy in which it is costly to move resources between the tradeable and nontradeable sectors. The economy is subject to capital flows that are unpredictable and are perceived as having only limited persistence. The model shows that both the fact that capital flows are
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美国国家经济研究局创建时间：
1988-05-01
