Search Results for stabilization bias

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This paper analyzes the use of unconventional policy instruments in New Keynesian setups in which...

Most tax systems create a tax bias toward debt finance. Such debt bias increases leverage and may...

We analyse optimal monetary and fiscal policy in a New-Keynesian model with public debt and...

Economic policies are often judged by a handful of statistics, some of which may be biased during...

This paper provides background material to the Board paper on “The Role of the Fund in Low Income...

This paper takes stock of the work over the past four years on the role of the Fund in LICs, and...