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This paper studies a novel type of misallocation of credit between investments of varying...

This paper investigates the main determinants of income inequality in transition countries during...

This paper uses the strategy and data of Blanchard and Perotti (BP) to identify fiscal shocks and...

Advanced economies have been witnessing a pronounced slowdown of productivity growth since the...

This paper presents a structural model of crime and output. Individuals make an occupational...

Effective risk management at central banks is best enabled by a sound framework embedded...