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Policy-makers have attributed the scale of the credit crisis and its profound impact on money...

This paper analyzes the main sources of fiscal risks, including from unexpected changes in...

The real effective exchange rate (REER) is the most commonly used measure for assessing...

This paper introduces a methodology for assessing external balance in countries with large stocks...

We analyse optimal discretionary games between a benevolent central bank and a myopic government...

Empirical evidence for small developed economies finds that consumption is procyclical and as...