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How Inflation Helps Heal Financial Crises – Slate Magazine (blog)



Slate Magazine (blog)

How Inflation Helps Heal Financial Crises
Slate Magazine (blog)
Guillermo Calvo, Fabrizio Coricelli, and Pablo Ottonello take a look at emerging markets that experience financial crises and conclude that inflation helps restore full employment. Inflation is, of course, associated with exchange-rate depreciation ...

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