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Comment on: "Institutional causes, macroeconomic symptoms : volatility, crises and growth"

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Institutional Causes, Macroeconomic Symptoms : Volatility, Crises and Growth

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Countries that have pursued distortionary macroeconomic policies, including high inflation, large budget deficits and misaligned exchange rates, appear to have suffered more macroeconomic volatility and also grown more slowly during the postwar period. Does this reflect the causal effect of...

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