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We study the impact of the US quantitative easing (QE) on both the emerging and advanced...

This paper examines the transmission mechanism through which unconventional monetary policy...

In responding to the global crisis, central banks in several advanced economies ventured beyond...

This paper assesses the macroeconomic impact and policy challenges related to Estonia's...

This paper explains the IMF approach to economic stabilization. It argues that a Fund-supported...

This paper deals with aggregate demand fluctuations and their price and output effects. Starting...