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reform program is rooted in a rethink of macroeconomic theory compelled by the crisis. There are some overlaps between the … similarity of form is mistaken for similarity of substance.The insider program makes no changes to macroeconomic theory and is … sins of omission. The outsider program fundamentally challenges existing macroeconomic theory and is also highly critical …
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"We analyze the setting of monetary and nonmonetary policies in monetary unions. We show that in these unions a time inconsistency problem in monetary policy leads to a novel type of free-rider problem in the setting of nonmonetary policies, such as labor market policy, fiscal policy, and bank...
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This paper investigates recent developments in meta-analysis, the tool to quantitatively synthesize research in a certain body of literature. After providing a brief overview on how to do a meta-analysis and discussing recent methodological advancements in the field, I review applied...
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