Bems, Rudolfs (contributor); Dedola, Luca (contributor); … - 2007
productivity in the long run and lead to a fall in inflation although the
timing and the dynamics of the effects is quite … contributing to a rise in the nominal trade balance deficit. Indeed,
as inflation has declined since the early 1980s, also nominal … has been exceptionally loose, one
needs to control for the normal policy response to changes in inflation and real …