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This paper describes a small macroeconomic model based on a representative industrial-country...

This paper discusses the fundamental determinants of inequality. These are identified as world or...

The paper studies the setting of optimal fiscal policy in a second-best world with environmental...

It is widely agreed that a fiscal rule should boost discipline and credibility, reduce...

The recent boom-and-bust cycle in housing prices has refreshed the debate on the drivers of...

This paper studies the main channels through which interest rate normalization has fiscal...