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This paper was prepared as part of a euro area macroeconomic model comparisons project. Four...

This paper empirically examines the probability and intensity of financial crises during the...

We propose a coherent unified approach to the study of the linkages among economic growth,...

We reconsider the design of welfare-optimal monetary policy when financing frictions impair the...

This is an excerpt of Latin America: New Challenges to Grwoth and Stability.

Is aggressive monetary policy response to inflation feasible in countries that suffer from fiscal...