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Successful implementation of macroprudential policy is contingent on the ability to identify and...

We build a small open economy, real business cycle model with labor market frictions to evaluate...

We analyze the link between nonperforming loans (NPL) and macroeconomic performance using two...

We collect new data to assess the importance of supply-side credit market frictions by studying...

Fiscal consolidation has become an important policy prescription for many emerging market...

We develop a New-Open-Economy-Macro model in which Ricardian equivalence does not hold because of...