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		| B  Ravikumar | 
	
		| Federal Reserve Bank of St. Louis | 
	
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		| Research Division | 
	
		| Federal Reserve Bank of St. Louis | 
	
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		| St Louis, MO 63166 | 
	
		| United States | 
	
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		| b.ravikumar@wustl.edu | 
	
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		| JEL Areas: E : Macroeconomics and Monetary Economics
 O : Economic Development, Technological Change, and Growth
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