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The Cost of Inflation in Australia | Conference – 1992
10 Jul 1992
Conferences
financial markets' responses to inflation in a world with serious nominal rigidities – fixed nominal interest rates, to name just one. ... For this proposition to be valid, it must also be true that there are no externalities in the economic system
https://www.rba.gov.au/publications/confs/1992/mctaggart.html