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inflation outputfollowing firmspolicy ruleinflation stabilityoutput stabilitylearning expectationsbusiness cyclecycle fluctuationsmonetary policylearning processasymmetric informationleading firmsoutput targetexpectation formationbegrenzte rationalitätbounded rationalityasymmetrische informationrole policymakerspolicymakers businesscobweb modelfirms forecastsrole policymakerrange inflationtarget weightsoutput stabilizationstabilization iocsshock variabilitysupply shockstability inflationinflation targetgranato wongpersistence reducedgreater economicinflation targetingexpectations internationalinternational comovementcomovement economiceconomic fluctuationsfluctuations spatialspatial analysisanalysis learningexpectations effecteffect foreignforeign directdirect investmentinvestment internationalinternational migrationmigration educationeducation mattermatter rolefluctuations learningexpectations notenote romerromer opennessopenness inflationinflation relationrelation responsivenessresponsiveness adad economiceconomic opennessopenness monetarypolicy rolefluctuations testingtesting monetarypolicy intentionsintentions openopen economieseconomies effecteffect culturalcultural valuesvalues economiceconomic developmentdevelopment hypotheseshypotheses empiricaltests wordswords deedsunique reeree model
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