Monetary policy in high inflation open e
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Sushanta K. Mallick; Mohammed Mohsin
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Article
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2007
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John Wiley and Sons
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English
β 180 KB
## Abstract With quarterly data from Israel and Turkey we estimate generalized impulse response functions to show that inflation has no longβrun real effects on consumption, investment and the current account balance. The findings are robust even after allowing for inflation volatility obtained thr