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Through the profiling of institutional cash pools, this paper explains the rise of the "shadow"...

Several models establish a positive association between public debt ratios and long-term real...

This paper uses a DSGE model with banks and financial frictions in credit markets to assess the...

This paper develops a new index which provides early warning signals of fiscal sustainability...

China is poised on the brink of a transition to a service-based economy. The Japanese experience...