The birth of inflation targeting: why did the ERM crisis happen?
08/11/2022
Abstract: In September 1992, the UK was forced to withdraw from the exchange rate mechanism of the European Monetary System, as it was unable to
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Abstract: In September 1992, the UK was forced to withdraw from the exchange rate mechanism of the European Monetary System, as it was unable to
Abstract: We exploit a large historical shock to the Danish labour market to provide evidence of how restrictions on labour mobility increase monopsony power and
and 
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