, therefore, whether monetary policy is a less potent a device in affecting output and inflation in countries that have low levels … data suggests that the effectiveness of changes in policy interest rates in influencing the path of inflation appear to be …

.2 percent to 7.8 percent. A fixed wage or indexation to consumption price inflation increases volatility most. Indexation to …We study the impact of a minimum wage on business cycle volatility, depending upon its coverage and adjustment … affecting 20 percent of employees would amplify output volatility by 0.2 percent to 9.2 percent, and employment volatility by ?1 …

This paper discusses the estimation of models of the term structure of interest rates. After reviewing the term …

various tax rates lead to lower budget deficits in the long run, as a result of an expanding tax base and lower unemployment …