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The recent housing bust has reignited interest in psychological theories of speculative excess...

The Spring-Summer 2019 issue of the IMF Research Perspectives explores how technology deals with...

This paper presents and discusses the estimates of the present value of corporate profits in the...

We assess the extent to which fiscal transfers smooth regional shocks in three large federations:...

We employ a duration model to study determinants of public debt cycles in 57 advanced and...

Assessing default risks for Chinese firms is hard. Standard measures of risk using market...