Bernardino Adao , Pedro Teles - Universidade Católica Portuguesa

Bernardino Adaoa, Isabel Correiaa,b,c, Pedro Telesa,b,c, a Banco de Portugal, Portugal b Universidade Catolica Portuguesa, Portugal c CEPR, London, United Kingdom ... 1470 B. Adao et al. / Journal of Economic Theory 144 (2009) 1468Ð1488 With the two results, (i) that under xed exchange rates and sticky prices it is possible to im- ... ................
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