Carlos A. Vegh

University of Maryland - Department of Economics

College Park, MD 20742

United States

University of California at Los Angeles

Professor

Box 951477

Los Angeles, CA 90095-1477

United States

http://vegh.sscnet.ucla.edu

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

Johns Hopkins University - Paul H. Nitze School of Advanced International Studies (SAIS)

1740 Massachusetts Avenue, NW

Washington, DC 20036-1984

United States

SCHOLARLY PAPERS

43

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6,347

CITATIONS
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Top 686

in Total Papers Citations

737

Scholarly Papers (43)

Inflation Stabilization and Bop Crises in Developing Countries

Number of pages: 89 Posted: 09 Jun 1998
Guillermo A. Calvo and Carlos A. Vegh
Columbia University - School of International & Public Affairs (SIPA) and University of Maryland - Department of Economics
Downloads 1,777 (8,434)
Citation 75

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Inflation Stabilization and Bop Crises in Developing Countries

NBER Working Paper No. w6925
Number of pages: 91 Posted: 12 Sep 2000
Guillermo A. Calvo and Carlos A. Vegh
Columbia University - School of International & Public Affairs (SIPA) and University of Maryland - Department of Economics
Downloads 49 (391,011)
Citation 75

Abstract:

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2.

From Transition to Market: Evidence and Growth Prospects

IMF Working Paper No. 98/52
Number of pages: 36 Posted: 17 Jun 1998
Stanley Fischer, Ratna Sahay and Carlos A. Vegh
Bank of Israel, International Monetary Fund (IMF) - Developing Country Studies Division and University of Maryland - Department of Economics
Downloads 566 (46,391)
Citation 38

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3.

How Far is Eastern Europe from Brussels?

IMF Working Paper No. 98/53
Number of pages: 37 Posted: 17 Jun 1998
Stanley Fischer, Ratna Sahay and Carlos A. Vegh
Bank of Israel, International Monetary Fund (IMF) - Developing Country Studies Division and University of Maryland - Department of Economics
Downloads 526 (50,944)
Citation 28

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4.

Government Spending and Inflationary Finance: A Public Finance Approach

IMF Working Paper No. 88/98
Number of pages: 34 Posted: 15 Feb 2006
Carlos A. Vegh
University of Maryland - Department of Economics
Downloads 277 (107,823)
Citation 12

Abstract:

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5.

Banks and Macroeconomic Disturbances Under Predetermined Exchange Rates

Number of pages: 50 Posted: 04 Sep 1997
Sebastian Edwards and Carlos A. Vegh
University of California, Los Angeles (UCLA) - Global Economics and Management (GEM) Area and University of Maryland - Department of Economics
Downloads 263 (113,786)
Citation 39

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6.
Downloads 85 (116,585)
Citation 31

How Big (Small?) are Fiscal Multipliers?

NBER Working Paper No. w16479
Number of pages: 39 Posted: 25 Oct 2010
Ethan Ilzetzki, Enrique G. Mendoza and Carlos A. Vegh
London School of Economics & Political Science (LSE) - Department of Economics, University of Pennsylvania and University of Maryland - Department of Economics
Downloads 85 (291,441)
Citation 31

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7.
Downloads 242 (123,961)
Citation 118

Tax Base Variability and Procyclical Fiscal Policy

Number of pages: 33 Posted: 26 Jan 1999
Ernesto Talvi and Carlos A. Vegh
Centro de Estudios de la Realidad Economica y Social (CERES) and University of Maryland - Department of Economics
Downloads 178 (165,777)
Citation 116

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Tax Base Variability and Procyclical Fiscal Policy

NBER Working Paper No. w7499
Number of pages: 37 Posted: 30 Jun 2000 Last Revised: 14 Oct 2010
Ernesto Talvi and Carlos A. Vegh
Centro de Estudios de la Realidad Economica y Social (CERES) and University of Maryland - Department of Economics
Downloads 64 (343,377)
Citation 118

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8.
Downloads 204 (123,961)
Citation 5

Losing Credibility: The Stabilization Blues

Number of pages: 37 Posted: 23 Nov 1998
Pablo E. Guidotti and Carlos A. Vegh
Ministry Of Economy, Public Works and Services, Argentina and University of Maryland - Department of Economics
Downloads 204 (146,147)
Citation 5

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Losing Credibility: The Stabilization Blues

International Economic Review
Posted: 23 Nov 1998
Pablo E. Guidotti and Carlos A. Vegh
Ministry Of Economy, Public Works and Services, Argentina and University of Maryland - Department of Economics

Abstract:

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9.
Downloads 241 (124,480)
Citation 62

Modern Hyper- and High Inflations

IMF Working Paper No. 02/197
Number of pages: 69 Posted: 06 Feb 2006
Ratna Sahay, Carlos A. Vegh and Stanley Fischer
International Monetary Fund (IMF) - Developing Country Studies Division, University of Maryland - Department of Economics and Bank of Israel
Downloads 180 (164,132)
Citation 62

Abstract:

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Fiscal deficit, inflationary dynamics, stabilization, growth

Modern Hyper- and High Inflations

NBER Working Paper No. w8930
Number of pages: 68 Posted: 17 May 2002 Last Revised: 23 May 2002
Stanley Fischer, Ratna Sahay and Carlos A. Vegh
Bank of Israel, International Monetary Fund (IMF) - Developing Country Studies Division and University of Maryland - Department of Economics
Downloads 61 (352,052)
Citation 62

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When is it Optimal to Abandon a Fixed Exchange Rate?

Number of pages: 48 Posted: 14 Jul 2003
Sergio T. Rebelo and Carlos A. Vegh
Northwestern University - Kellogg School of Management and University of Maryland - Department of Economics
Downloads 162 (180,117)

Abstract:

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Currency crisis, speculative attacks, optimal policy, fixed exchange rates

When is it Optimal to Abandon a Fixed Exchange Rate?

NBER Working Paper No. w12793
Number of pages: 46 Posted: 24 Dec 2006 Last Revised: 22 May 2007
Sergio T. Rebelo and Carlos A. Vegh
Northwestern University - Kellogg School of Management and University of Maryland - Department of Economics
Downloads 21 (522,949)

Abstract:

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Delaying the Inevitable: Optimal Interest Rate Policy and Bop Crises

Number of pages: 56 Posted: 21 Jun 2000
Amartya Lahiri and Carlos A. Vegh
University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics
Downloads 157 (185,025)
Citation 14

Abstract:

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Delaying the Inevitable: Optimal Interest Rate Policy and Bop Crises

NBER Working Paper No. w7734
Number of pages: 57 Posted: 12 Jun 2000 Last Revised: 18 Oct 2010
Amartya Lahiri and Carlos A. Vegh
University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics
Downloads 26 (492,306)
Citation 14

Abstract:

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Interest Rates and the Exchange Rate: A Non-Monotonic Tale

Number of pages: 43 Posted: 21 Mar 2008 Last Revised: 22 Apr 2008
University of British Columbia (UBC) - Department of Economics, University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics
Downloads 154 (188,138)
Citation 4

Abstract:

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Interest rates, exchange rates, currency depreciation, interest rate policy

Interest Rates and the Exchange Rate: A Non-Monotonic Tale

NBER Working Paper No. w13925
Number of pages: 43 Posted: 04 Apr 2008 Last Revised: 21 Jul 2010
University of British Columbia (UBC) - Department of Economics, University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics
Downloads 25 (498,320)
Citation 4

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Inflation Stabilization and the Consumption of Durable Goods

Number of pages: 38 Posted: 30 Aug 1998
Jose de Gregorio, Pablo E. Guidotti and Carlos A. Vegh
Central Bank of Chile, Ministry Of Economy, Public Works and Services, Argentina and University of Maryland - Department of Economics
Downloads 174 (169,232)
Citation 14

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Inflation Stabilization and the Consumption of Durable Goods

Economic Journal, Vol. 108, January 1998
Posted: 30 Aug 1998
Jose de Gregorio, Pablo E. Guidotti and Carlos A. Vegh
Central Bank of Chile, Ministry Of Economy, Public Works and Services, Argentina and University of Maryland - Department of Economics

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What If Alexander Hamilton Had Been Argentinean? A Comparison of the Early Monetary Experiences of Argentina and the United States

Number of pages: 55 Posted: 03 Dec 1998
Michael D. Bordo and Carlos A. Vegh
Rutgers University, New Brunswick - Department of Economics and University of Maryland - Department of Economics
Downloads 140 (203,569)
Citation 4

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What If Alexander Hamilton Had Been Argentinean? a Comparison of the Early Monetary Experiences of Argentina and the United States

NBER Working Paper No. w6862
Number of pages: 56 Posted: 10 Jun 2000
Michael D. Bordo and Carlos A. Vegh
Rutgers University, New Brunswick - Department of Economics and University of Maryland - Department of Economics
Downloads 25 (498,320)
Citation 4

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15.

When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies

NBER Working Paper No. w10780
Number of pages: 58 Posted: 20 Sep 2004 Last Revised: 04 Oct 2004
National Bureau of Economic Research (NBER), Peter G. Peterson Institute for International Economics and University of Maryland - Department of Economics
Downloads 151 (190,945)
Citation 133

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Living with the Fear of Floating: An Optimal Policy Perspective

Number of pages: 56 Posted: 23 Jul 2001
Amartya Lahiri and Carlos A. Vegh
University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics
Downloads 111 (243,464)
Citation 8

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Fear of floating, optimal policy, interest rate policy

Living with the Fear of Floating: An Optimal Policy Perspective

NBER Working Paper No. w8391
Number of pages: 56 Posted: 20 Jul 2001 Last Revised: 09 Aug 2001
Amartya Lahiri and Carlos A. Vegh
University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics
Downloads 22 (516,642)
Citation 8

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17.

The Unholy Trinity of Financial Contagion

NBER Working Paper No. w10061
Number of pages: 40 Posted: 12 Nov 2003 Last Revised: 30 Jun 2010
National Bureau of Economic Research (NBER), Peter G. Peterson Institute for International Economics and University of Maryland - Department of Economics
Downloads 115 (236,224)
Citation 61

Abstract:

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18.

Fiscal Multipliers in Recessions and Expansions: Does it Matter Whether Government Spending is Increasing or Decreasing?

World Bank Policy Research Working Paper No. 6993
Number of pages: 35 Posted: 20 Apr 2016
Bates College, University of Maryland - Department of Economics and Brookings Institution
Downloads 100 (260,425)

Abstract:

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Fiscal & Monetary Policy, Consumption

19.

The Exchange Rate Response Puzzle

Number of pages: 49 Posted: 01 Feb 2012 Last Revised: 07 Aug 2012
University of British Columbia (UBC) - Department of Economics, University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics
Downloads 93 (272,989)

Abstract:

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Monetary policy, interest rates, exchange rates

20.

Reserve Requirements in the Brave New Macroprudential World

World Bank Policy Research Working Paper No. 6793
Number of pages: 48 Posted: 20 Apr 2016
World Bank, BlackRock, Inc, University of Maryland - Department of Economics and Brookings Institution
Downloads 76 (308,761)

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Debt Markets, Emerging Markets, Currencies and Exchange Rates, Economic Theory & Research, Banks & Banking Reform

21.

Capital Flows in Central and Eastern Europe: Evidence and Policy Options

IMF Working Paper No. 95/57
Number of pages: 44 Posted: 15 Feb 2006
Ratna Sahay and Carlos A. Vegh
International Monetary Fund (IMF) - Developing Country Studies Division and University of Maryland - Department of Economics
Downloads 67 (331,059)
Citation 2

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22.

The Effect of Capital Flows Composition on Output Volatility

World Bank Policy Research Working Paper No. 6386
Number of pages: 47 Posted: 20 Apr 2016
BlackRock, Inc, University of Maryland - Department of Economics and Brookings Institution
Downloads 54 (368,412)

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Emerging Markets, Economic Conditions and Volatility, Investment and Investment Climate, Debt Markets, Economic Theory & Research

23.

Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences

NBER Working Paper No. w8684
Number of pages: 35 Posted: 20 Dec 2001 Last Revised: 25 Oct 2010
Carlos A. Vegh
University of Maryland - Department of Economics
Downloads 52 (374,649)
Citation 3

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24.

The Effects of Currency Substitution on the Response of the Current Account to Supply Shocks

IMF Working Paper No. 88/5
Number of pages: 24 Posted: 15 Feb 2006
Carlos A. Vegh
University of Maryland - Department of Economics
Downloads 51 (377,809)

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25.

Procyclical Fiscal Policy in Developing Countries: Truth or Fiction?

NBER Working Paper No. w14191
Number of pages: 61 Posted: 21 Jul 2008 Last Revised: 28 Aug 2008
Ethan Ilzetzki and Carlos A. Vegh
London School of Economics & Political Science (LSE) - Department of Economics and University of Maryland - Department of Economics
Downloads 50 (381,111)
Citation 24

Abstract:

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26.

Real Effects of Exchange Rate-Based Stabilization: An Analysis of Competing Theories

NBER Working Paper No. w5197
Number of pages: 60 Posted: 13 Jul 2000 Last Revised: 23 Sep 2010
Sergio T. Rebelo and Carlos A. Vegh
Northwestern University - Kellogg School of Management and University of Maryland - Department of Economics
Downloads 34 (440,774)
Citation 2

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27.

Optimal Exchange Rate Regimes: Turning Mundell-Fleming's Dictum on its Head

NBER Working Paper No. w12684
Number of pages: 23 Posted: 20 Nov 2006 Last Revised: 03 Oct 2010
Amartya Lahiri, Rajesh Singh and Carlos A. Vegh
University of British Columbia (UBC) - Department of Economics, Iowa State University and University of Maryland - Department of Economics
Downloads 33 (444,972)

Abstract:

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28.

Banks and Macroeconomics Disturbances Under Predetermined Exchange Rates

NBER Working Paper No. w5977
Number of pages: 49 Posted: 25 May 2006
Sebastian Edwards and Carlos A. Vegh
University of California, Los Angeles (UCLA) - Global Economics and Management (GEM) Area and University of Maryland - Department of Economics
Downloads 31 (453,921)
Citation 34

Abstract:

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29.

Output Costs, Currency Crises and Interest Rate Defence of a Peg

Economic Journal, Vol. 117, No. 516, pp. 216-239, January 2007
Number of pages: 24 Posted: 19 Jan 2007
Amartya Lahiri and Carlos A. Vegh
University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics
Downloads 26 (478,459)
Citation 5
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30.

Output Costs, Currency Crises, and Interest Rate Defense of a Peg

NBER Working Paper No. w11791
Number of pages: 41 Posted: 24 Feb 2006 Last Revised: 21 Sep 2010
Amartya Lahiri and Carlos A. Vegh
University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics
Downloads 21 (506,122)
Citation 5

Abstract:

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31.

Segmented Asset Markets and Optimal Exchange Rate Regimes

NBER Working Paper No. w13154
Number of pages: 32 Posted: 27 Jun 2007 Last Revised: 30 Jul 2007
Amartya Lahiri, Rajesh Singh and Carlos A. Vegh
University of British Columbia (UBC) - Department of Economics, Iowa State University and University of Maryland - Department of Economics
Downloads 20 (511,736)
Citation 6

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32.

Procyclical and Countercyclical Fiscal Multipliers: Evidence from OECD Countries

NBER Working Paper No. w20533
Number of pages: 34 Posted: 30 Sep 2014
Bates College, University of Maryland - Department of Economics and Brookings Institution
Downloads 19 (517,558)

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33.

On Graduation from Fiscal Procyclicality

NBER Working Paper No. w17619
Number of pages: 36 Posted: 24 Nov 2011 Last Revised: 30 Nov 2011
Harvard University - Harvard Kennedy School (HKS), University of Maryland - Department of Economics and Brookings Institution
Downloads 19 (517,558)
Citation 2

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34.

How is Tax Policy Conducted Over the Business Cycle?

NBER Working Paper No. w17753
Number of pages: 53 Posted: 14 Jan 2012 Last Revised: 17 Jan 2012
Carlos A. Vegh and Guillermo Vuletin
University of Maryland - Department of Economics and Brookings Institution
Downloads 17 (529,038)
Citation 2

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35.

Decoupling and Recoupling

NBER Working Paper No. w15907
Number of pages: 16 Posted: 19 Apr 2010 Last Revised: 29 Oct 2014
Anton Korinek, Agustin Roitman and Carlos A. Vegh
University of Virginia - Department of Economics and Darden School of Business, affiliation not provided to SSRN and University of Maryland - Department of Economics
Downloads 17 (529,038)

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36.

Overcoming the Fear of Free Falling: Monetary Policy Graduation in Emerging Markets

NBER Working Paper No. w18175
Number of pages: 26 Posted: 22 Jun 2012
Carlos A. Vegh and Guillermo Vuletin
University of Maryland - Department of Economics and Brookings Institution
Downloads 12 (558,193)

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37.

Social Implications of Fiscal Policy Responses During Crises

NBER Working Paper No. w19828
Number of pages: 35 Posted: 25 Jan 2014
Carlos A. Vegh and Guillermo Vuletin
University of Maryland - Department of Economics and Brookings Institution
Downloads 11 (564,189)

Abstract:

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38.

Tax Multipliers: Pitfalls in Measurement and Identification

NBER Working Paper No. w18497
Number of pages: 40 Posted: 27 Oct 2012
Bates College, University of Maryland - Department of Economics and Brookings Institution
Downloads 9 (576,277)

Abstract:

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39.

Unsticking the Flypaper Effect in an Uncertain World

NBER Working Paper No. w21436
Number of pages: 45 Posted: 10 Aug 2015
Carlos A. Vegh and Guillermo Vuletin
University of Maryland - Department of Economics and Brookings Institution
Downloads 6 (594,776)

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40.

The Road to Redemption: Policy Response to Crises in Latin America

NBER Working Paper No. w20675
Number of pages: 47 Posted: 17 Nov 2014
Carlos A. Vegh and Guillermo Vuletin
University of Maryland - Department of Economics and Brookings Institution
Downloads 6 (594,776)

Abstract:

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41.

Reserve Requirement Policy Over the Business Cycle

NBER Working Paper No. w20612
Number of pages: 34 Posted: 27 Oct 2014
BlackRock, Inc, University of Maryland - Department of Economics and Brookings Institution
Downloads 6 (594,776)
Citation 1

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42.

Unsticking the Flypaper Effect Using Distortionary Taxation

NBER Working Paper No. w22304
Number of pages: 38 Posted: 07 Jun 2016
Carlos A. Vegh and Guillermo Vuletin
University of Maryland - Department of Economics and Brookings Institution
Downloads 4 (607,847)

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43.

Delaying the Inevitable: Interest Rate Defense and Balance of Payments Crises

Journal of Political Economy, Vol. 111, April 2003
Posted: 04 Apr 2003
Amartya Lahiri and Carlos A. Vegh
University of British Columbia (UBC) - Department of Economics and University of Maryland - Department of Economics

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