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A long-standing conjecture in macroeconomics is that recent declines in exchange rate...

The three year Fund-supported program that expired at end-June 2014 succeeded in stabilizing...

In this paper, we analyze how lack of credibility and transparency of monetary and fiscal...

This paper presents a model for Inflation Targeting under imperfect policy credibility. It...

This paper investigates the meaning of the bottom of target bands in inflation targeting regimes....

Poor performance of the electricity sector remains a drag to economic efficiency and a bottleneck...