CEE DP 65 Peer Effects in European Primary Schools: Evidence from PIRLS Andreas Ammermueller Jörn-Steffen Pischke May 2006 Published by Centre for the Economics of Education London School of Economics Houghton Street...

Following a positive shock, financing constraints will prolong or impede economic expansion that would have been optimal in an unconstrained environment. The study of dynamic adjustment therefore offers a direct way of verifying the presence of financing constraints and assessing their...

The paper derives the monetary policy reaction function implied by money growth targeting. It consists of an interest rate response to deviations of the inflation rate from target, to the change in the output gap, to money demand shocks and to the lagged interest rate. In the second part, it is...