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This paper presents a simple simulation model that enables the formulation of a consistent...

The global financial crisis and the ensuing Great Recession raised concerns about adjustment...

The study looks at the cyclical behavior of the markups and assesses its impact on inflation...

Conventional VAR and non-VAR methods of identifying the effects of monetary policy shocks on the...

This paper extends the q-theory of investment to model explicitly the decision of firms to invest...

The collapse of the Cuban economy following the cessation of Soviet assistance gave way to a...