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This paper examines the performance of inflation targeting (IT) focusing on East Asian emerging market economies, by estimating policy reaction functions for verifying the linkage between IT adoption and monetary policy, and also estimating impulse responses of prices to policy shock. Our...
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This paper investigates the sequence of trade liberalization in postwar Japan and its determinants. As the Japanese … domestic industries, in the 1950s, trade liberalization was considered to give a serious impact on those industries, and … designing the sequence of trade liberalization was an important policy issue. We indentified the timing of liberalization of …
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