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Nontraded Goods and Macroeconomic Policy Under a Fixed Exchange Rate*

Elhanan Helpman

Tel Aviv University

I. Introduction, 469—II. The analytical framework, 469.—III. Fiscal policy, 473.—IV. Exchange rate adjustments, 475.—V. Summary, 478.—Appendix A: Proof of Proposition 1, 479.—Appendix B: Proof of Proposition 2, 480.

DOI

10.2307/1885978

Volume

91 (3)

Pages

469

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