The Structuralist Perspective on Real Exchange Rate, Share Price Level and Employment Path: What Room Is Left for Money?

The current sluggish performance of the US economy follows one of the more remarkable booms in modern history. The late 1990s was a period of simultaneous output and productivity growth,1 low unemployment and stable inflation, culminating in an unemployment rate of only 3.9% in the fourth quarter of...

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Bibliographic Details
Main Authors: Phelps, Edmund S., HOON, Hian Teck, ZOEGA, Gylfi
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2004
Subjects:
Online Access:https://ink.library.smu.edu.sg/soe_research/781
https://ink.library.smu.edu.sg/context/soe_research/article/1780/viewcontent/newschool.pdf
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Institution: Singapore Management University
Language: English

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