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Negative real rate - PowerPoint PPT Presentation

Financial Frictions, Monetary Policy, Exchange Rates

Financial Frictions, Monetary Policy, Exchange Rates. Some Basic Issues. Introduction. Large changes in relative prices are often seen and create winners and losers Examples: real estate prices, stocks and bonds, exchange rates Conventional macroeconomics has largely ignored these

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Negative real rate - PowerPoint PPT Presentation

Financial Frictions, Monetary Policy, Exchange Rates