Search Results for permanent income hypothesis

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We undertake a quantitative analysis of the dispersion of current accounts in an open economy...

This paper analyzes the borrowing behavior of a small open economy of a developing country that...

This paper analyzes the appropriate choice of an exchange rate regime in agricultural...

This paper develops a general equilibrium model with unemployment and noncooperative wage...

Why do governments issue large amounts of debt? In what sense and for whom is such a policy...

The quality of institutions-meaning the quality of contract enforcement, property rights,...