a roughly equivalent number elsewhere in the economy. At a product-specific or micro level and in the short term …, controlling trade could reduce the offending imports and save jobs, but for the economy as a whole and in the long term, this …

(Bossone, The portfolio theory of inflation and policy (in)effectiveness, 2019). The PTI shows that when an economy is heavily …: policymakers of an internationally highly integrated economy should keep public liabilities (the stock of both central bank money …