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Exchange Depreciation
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IMF Staff Papers
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This paper highlights various problems and policies related to latent inflation. Disappointment will undoubtedly be widespread if, after 10 years of inflation c
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Most trade is invoiced in very few currencies. Despite this, the Mundell-Fleming benchmark and its variants focus on pricing in the producer’s currency or in
IMF Staff papers
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Authors: International Monetary Fund. Research Dept.
Categories: Business & Economics
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This paper focuses on problems of economic policy in terms of targets and instruments. Both the fixed-targets approach and the welfare-economics approach tend t