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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...

This paper uses the Sjaastad model to estimate the optimal currency area for the Nepalese rupee...

This paper examines the reasons why corruption and policy distortions tend to exhibit a high...