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Monetary Policy, Vagabonding Liquidity and Bursting Bubbles in New and Emerging Markets An Overinvestment View

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Academic year: 2020

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Figure

Figure 1: Money Market Interest Rates in the US, EMU and Japan
Figure 2: Average of US, EMU and Japanese Money Market Rates
Figure 3: Consumer Price Inflation in the US, EMU and Japan
Figure A: Equilibrium
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