The optimal inflation rate is an outstanding issue in monetary theory and policy. Previous work attempting to … rationalize positive inflation targets chosen by central banks is subject to a major criticism, since its conclusions depend on … the assumption that only one currency is available to agents. This paper presents a model in which the inflation of the …

The General Public Policy Review marked a turning point in the history of administrative reform. It created, in …

reform data for six policy areas compiled from various sources during the period 1994-2006 for over 100 countries, we compute …-wise complementarities among policy areas. We then use cross-section and panel data estimates to test the effect of reform level and … institutional variables, as well as endogeneity of reform level and complementarity. We show that the effect of policy …

with various related diversification maneuvers. As if all groups had to converge to their own optimal level of … diversification. Re-focusing means a tendency of groups to choose portfolio strategies relevant with business relatedness. …

possible deviations are assessed throughout multiple scenarios. It appears that diversification into customers’ financial …