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The paper investigates asymmetry in the allocation of aggregate demand shocks between real output...

A well-functioning monetary transmission mechanism is critical for monetary policy. As the...

We study the long-run relationship between public debt and growth in a large panel of countries....

This paper studies the participation and performance of sophisticated versus unsophisticated...

This paper investigates the empirical relationship between competition in the financial sector...

Recent theoretical and empirical work has cast doubt on the hypotheses of a linear Phillips curve...