Price stability in open economies
Price stability in open economies
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Publisher
Oxford: Oxford University Press
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Language
English
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Oxford: Oxford University Press
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This paper studies the theoretical conditions under which price stability is the optimal policy in a two-country open-economy model with imperfect competition and price stickiness. Special conditions on the levels of country-specific distortionary taxation and the intratemporal and intertemporal elasticities of substitution need to be satisfied. Th...
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Price stability in open economies
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TN_cdi_proquest_miscellaneous_38531800
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https://devfeature-collection.sl.nsw.gov.au/record/TN_cdi_proquest_miscellaneous_38531800
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ISSN
0034-6527
E-ISSN
1467-937X