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One implication was that agents would anticipate the likely behaviour of central banks and base their own actions on these expectations. A central bank having a reputation of being "soft" on inflation will generate high inflation expectations, which again will be self-fulfilling when all agents build expectations of future high inflation into ...
Plattenbau-styled apartment buildings were seen as a solution to avoid Warsaw's former density problem and to create more green spaces. Some of the buildings from the 19th century that had survived in a reasonably reconstructible form were nonetheless demolished in the 1950s and 1960s, like the Kronenberg Palace .
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