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' inflation aversion and exit costs. …
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combined with the theory of optimum currency areas. It shows how since the turn of the millennium a too expansionary monetary … timely exit from the ultra-expansionary monetary policy is postulated. …
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financial and economic restructuring, a timely exit from ultra-expansionary monetary policies is recommended for both East Asia …
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US federal transfers to individuals are large, countercyclical, vary geographically, and are often credited for helping stabilize regional economies. This paper estimates the short-run effects of these transfers using plausibly exogenous regional variation in temporary stimulus packages and...
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