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

The budget is an expression of political rather than economic priorities. We confirm this...

We develop a New-Open-Economy-Macro model in which Ricardian equivalence does not hold because of...

This paper assesses the roles of shocks, rules, and institutions as possible sources of...

This paper develops a small open economy model where entrepreneurs partially finance investment...

The IMF Research Bulletin, a quarterly publication, selectively summarizes research and...