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This Selected Issues paper analyzes the capital flows in Turkey. The empirical analysis in this...

This Selected Background Issues paper on Switzerland reviews a few monetary and exchange rate...

Using a VAR approach, this paper studies the relationship between money, output, and prices in a...

The strong US policy response to the 2008-09 financial crisis raised concerns about its impact...

In this paper I study the effect of imperfect central bank commitment on inflationary outcomes. I...

This paper outlines important lessons for monetary policy. In particular, the role of inflation...