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This paper provides an explanation for the secular increase in the price of services relative to...

Several transition countries have experienced strong real exchange rate appreciations. This paper...

Long-run movements of real exchange rates are studied using a panel data set comprising 51...

Until the recent financial crisis, the safety and soundness of financial institutions was...

China is poised on the brink of a transition to a service-based economy. The Japanese experience...

Based on a version of the IMF's new Global Economic Model (GEM), calibrated to analyze...