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This paper develops a simple model for measuring potential output that uses data on inflation,...

Empirical evidence suggests that goods are highly heterogeneous with respect to the degree of...

A New Keynesian model allowing for an active monetary and passive fiscal policy (AMPF) regime and...

The introduction of inflation targeting in 2006, together with important economic developments...

Financial frictions have been identified as key factors affecting economic fluctuations and...

The period following the 2000-01 crisis was marked by a successful disinflation program sustained...