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The paper presents a model of irreversible investment under uncertainty, where investment takes...

The paper tests a hypothesis suggested by Taylor (2000) that a low inflationary environment leads...

This paper presents a selective survey of issues relevant to the choice of nominal anchors for...

Trade was also initially undermined by a severe recession. Kazakhstan is facing increased...

This paper develops and estimates a game-theoretical model of inflation targeting where the...

The Selected Issues paper for Uganda and Rwanda discusses the impact of rising international food...