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In recent years, many money and repo rates in the United States have been between zero and 25...

In the aftermath of the Lehman crisis, payouts (i.e., taxpayer bailouts) in various forms were...

We use the rise and dispersion of sovereign spreads to tell the story of the emergence and...

With policy rates near the zero bound, the Bank of Japan (BoJ) has introduced a series of...

This paper considers how a tax on financial transactions could be applied to three broad and...

Despite growing interest among policymakers, there is no theory of independent fiscal...