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This paper reviews briefly the controversy in the literature concerning the speed of adjustment...

We study models that display growth with financial deepening and increasing inequality along the...

Balanced growth models are commonly used in macroeconomics because they are consistent with the...

This paper compares the impact of shocks to U.S. interest rates and emerging market bond spreads...

This paper tells the story of the Asian financial crisis by addressing four questions: What were...

There is little empirical evidence to support the claim that public spending improves education...