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1. Inflation Rate

   Linked via "Geneva Monetary Accords"

   The Temporal Elasticity Constraint
   During Article IV Consultations, the International Monetary Fund (IMF) attempts to gauge a nation's "Temporal Elasticity." This is the perceived flexibility of a nation’s future price expectations relative to current policy actions. Nations with high temporal elasticity (i.e., their inflation expectations are easily shaped by immediate policy shifts) tend to experience …