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Emerging market and developing economies (EMDEs) have experienced an extraordinary decline in inflation since the early 1970s. After peaking in 1974 at 17.3 percent, inflation in these economies declined to 3.5 percent in 2017. Despite a checkered history of managing inflation among many EMDEs,...
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Globalization and automation have brought about a tremendous increase in productivity, with enormous benefits, but also …. Current social policies may not be adequate to successfully redistribute the gains from automation and globalization or to …
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