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A standard DSGE small open economy model can not generate the cyclical regularities of...

Recent literature argues that conflict in shifting adjustment costs between different...

We criticize existing empirical results on the detrimental effects of natural resource dependence...

The Dominican Republic and Haiti share the island of Hispaniola and are broadly similar in terms...

The past two decades have seen a decline in labor's share of national income in several...

The paper presents a theoretical model to explain how debt overhang is generated in low-income...