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This paper takes as given the principle that long-run price stability should be the central goal of monetary policy. The purpose of the paper is to discuss conceptual issues pertinent to the task of...
contribution to monetary DSGE literature ⇒ Epstein Zin utility with high risk aversion (improves asset pricing) can still match volatility of macro aggregates same spirit as Tallarini (2000,...
Pol country differences in income inequality. ItIcal scientists are keenly interested in examining cross- recent quantitative studies have added to this tradition by examining whether institutions lik...
This paper considers dynamic moral hazard settings, in which the agent's actions have consequences over a long horizon. To maintain incentives, the optimal contract defers the agent's compensation and...
On the basis of SVAR models of monetary policy in Egypt for the period December 1976–May 2006, our paper explores a new empirical assessment for the interest rate channel in correcting trouble in the ...
An Autoregressive Distributed Lag (ARDL) cointegration framework is used to examine the short-run and long-run characteristics of gasoline demand in the transport sector in Mauritius.
We study nonparametric estimation of regression function with nonstationary (integrated or nearly integrated) covariates and the error series of the regressor process following a fractional ARIMA mode...

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