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A Pasinettian Amend to Growth and Distribution in an Open Economy

✍ Scribed by Joanílio Rodolpho Teixeira; Jorge Thompson Araújo

Book ID: 108550782
Publisher: John Wiley and Sons
Year: 1997
Tongue: English
Weight: 164 KB
Volume: 48
Category: Article
ISSN: 0026-1386
DOI: 10.1111/1467-999x.00029

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## Abstract This paper develops a model of inflation targeting in a small open economy under floating exchange rates. The central bank follows a simple Taylor rule to achieve a target inflation rate, and the inflation process itself is determined by an expectations augmented Phillips curve mechanis