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This paper extends a small linear model of the Israeli economy to allow for nonlinearities in the...

A central bank is financially strong if it possesses resources sufficient to attain its...

The specific role of central bank independence in determining the overall credibility of monetary...

Stochastic simulations are employed to compare performance of monetary policy rules in linear and...

Pursuit of price stability may, but need not, exacerbate output fluctuations. This paper...

Across a sample of thirty four emerging countries, the evidence shows the frequent existence of a...