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Conditions for short-run stability of a small open economy under flexible exchange rates |
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| Authors: | Masanao Aoki |
| Affiliation: | University of California, Los Angeles, CA 90024, USA |
| Abstract: | Short-run stability of a small open economy under flexible exchange rate regimes is shown to involve joint conditions on the rates of the growth of the public debt and of the current account surplus. |
| Keywords: | |
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