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This paper studies the Great Inflation in Canada, Australia, and New Zealand. Newspaper coverage and policymakers … delegated inflation control to nonmonetary devices. This hypothesis helps explain why, unlike Canada, Australia and New Zealand …
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, Malaysia). Among countries with inflation below target, in those with trend inflation low but constant (Australia, New Zealand …
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This paper presents a preliminary simultaneous equation model capable of explaining New Zealand's post-war inflation. It is a model consistent with New Zealand having been a small fixed exchange rate open economy subject to very extensive controls over its balance of payments' current account...
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