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I model deflation, at zero nominal interest rate, in a microfounded general equilibrium model. I...

This paper examines the regulatory and supervisory implications stemming from the dominance of...

The paper examines the experiences of countries in defining monetary aggregates, particularly...

Growth and inflation in Turkey have been volatile over the last two decades. It would, therefore,...

We present a stylized framework which encompasses a variety of "balance sheet approaches" to...

The likely enlargement of euro-area membership will radically change the environment under which...