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Although accommodative policies and widespread indexation may account for the persistence of high...

The robust negative correlation between openness and inflation found in cross-country data for...

This paper studies price stabilization policy under both predetermined and flexible exchange...

This paper uses a simple framework based on the government budget constraint to analyze the...

This paper examines monetary and exchange rate policies of the euro area. The paper reviews the...

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