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Empirical evidence suggests that goods are highly heterogeneous with respect to the degree of...

The question of what makes fiscal decentralization work is faced by many policymakers around the...

We examine the behavior of expenditure policy during boom-bust in commodity price cycles, and its...

Reconciling the high frequency of price changes at the micro level and their apparent rigidity at...

Is the recent proliferation of Regional Trade Agreements (RTAs) in Asia a healthy development, or...

This paper studies the optimal design of monetary policy in an optimizing two-country sticky...