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Browsing ADEMU Working Papers Series by Subject "Benign coincidence"

Browsing ADEMU Working Papers Series by Subject "Benign coincidence"

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  • Corsetti, Giancarlo; Kuester, Keith (2016-06)
    We analyze macroeconomic stabilization in a small open economy which faces a large recession in the rest of the world. We show analytically that for the economy to remain isolated from the external shock, the exchange rate ...

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