Would adopting the us dollar have led to improved inflation, output and trade balances, for New Zealand in the 1990s?

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• For valuable comments and suggestions, we thank two referees, Aaron Drew, Arthur Grimes, David Hargreaves, Ashley Lienert, John McDermott, Robert St Clair, Weshah Razzak, and participants in presentations at the Hong Kong Institute for Monetary Research and the Federal Reserve Bank of St Louis. The views expressed are solely the responsibility of the authors.
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