Real Balances, the Exchange Rate and Indexation: Real Variables in Disinflation
收藏NBER1984-11-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1497
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The recent appreciation of the dollar is widely believed to have reduced the output costs of the disinflation. But there remains the question of whether those early gains have to be repaid when the exchange rate depreciates.The first question taken up is the effect of real exchange rate appreciation
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美国国家经济研究局创建时间：
1984-11-01
