Macro Lit Review 3: Highlights from Early 2023 with George Selgin
Macro Musings with David Beckworth
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The Other Not Equal Partners, That's for Sure
The attractions of a new common currency are most obvious for Argentina, where the annual inflation rate is approaching 100%. There will be concern in Brazil about the idea of hitching Latin America's biggest economy to that of its perennial volatile neighbor. George: If you don't have business cycles in these two economies lined up, then you need some kind of shock absorbers in place so that when you tighten and it fits one area, it doesn't work in the other area.
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