Economics, Econometrics and Finance
a year ago

Monetary policy shift saves economy from high unemployment during transition

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Journal of International Money and Finance
Monetary policy when export revenues drop
Drago Bergholt, Øistein Røisland, Tommy Sveen, Ragnar Torvik

Paper Summary

Monetary policy can help when export revenues drop by adjusting exchange rates and inflation rates. This can reduce unemployment and make the transition smoother.

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