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Rational Expectations and
General Implications of the Examples
Implications for Policymakers
16 other sections not shown
April assets assume August Austria base money billion borrowing capital central bank coordination crown December depreciation described domestic dynamic econometric economy effect equation ernment example Exchange Fund exchange rate February finance fiscal authority fiscal policy foreign currency foreign exchange France function game of chicken Germany government bonds government debt government deficits government expenditures government's growth Hong Kong dollar Hungary hyperinflations implies increase indexed inflation rate inflationary interest rate interest-bearing government debt interpretation issued January July June liabilities loans macroeconomics March ment monetarist monetary and fiscal monetary authority monetary policy monetize money supply Neil Wallace nominal notes November October parameters path percent Phillips curve players Poincare present value price level private agents prospective rate of inflation rate of return rational expectations Reagan real rate reduced Reichsbank reparations revenues Ricardian regime seigniorage September stabilization strategy substantial Table tax collections tax rate Thatcher tion U.S. dollar unemployment United variables