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A model of the twin Ds : optimal default and devaluation - WorldCat
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The Twin Ds: Optimal Default and Devaluation - Research Papers …
Web• Develops a model that explains the Twin Ds phenomenon as an optimal policy outcome, aimed at correcting relative-price mis-alignments. • Intuition – Under the optimal policy, … WebJul 12, 2015 · This paper characterizes jointly optimal default and exchange-rate policy in a small open economy with limited enforcement of debt contracts and downward nominal … WebA Model of the Twin Ds: Optimal Default And Devaluation. Wednesday, September 24, 2014 - 4:00pm - Wednesday, September 24, 2014 - 5:30pm. Money Macro Seminar University of … citizens advice swad