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Productivity Shocks and Delayed Exchange-Rate Overshooting
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On the hump-shaped output effect of monetary policy in an open economy
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On the welfare effects of monetary policy when households try to keep up with the rest of the world
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Productivity shocks and delayed exchange rate overshooting
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On the Welfare Effects of Monetary Policy When Households Try to Keep Up with the Rest of the World
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On the Hump-Shaped Output Effect of Monetary Policy in an Open Economy