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Browsing Department of Economics (ECO) by Author "EVANS, George W."
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Title:Convergence in Monetary Inflation Models with Heterogeneous Learning Rules
Author(s):EVANS, George W.; HONKAPOHJA, Seppo M. S.; MARIMON, RamonDate:2001Type of Publication:ArticleAbstract:Inflation and the monetary financing of deficits are analyzed in a model in which the deficit is constrained to be less than a given fraction of a measure of aggregate market activity. Depending on parameter values, the ...