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A Gains from Trade Perspective on Macroeconomic Fluctuations
Beaudry, Paul; Portier, Franck - C.E.P.R. Discussion Papers - 2011
Business cycles reflect changes over time in the amount of trade between individuals. In this paper we show that incorporating explicitly intra-temporal gains from trade between individuals into a macroeconomic model can provide new insight into the potential mechanisms driving economic...
Persistent link: https://www.econbiz.de/10009221567
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La teoría de las áreas monetarias óptimas : una actualización a la luz de la experiencia europea
Brown del Rivero, Alfonso - In: Economíaunam 15 (2018) 43, pp. 70-87
Persistent link: https://www.econbiz.de/10012174353
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La evolución de la inflación en México
Cárcamo-Solís, María de Lourdes; Arroyo, Pilar - In: Economíaunam 19 (2022) 57, pp. 22-40
Persistent link: https://www.econbiz.de/10014225749
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Un sistema financiero para el desarrollo, después del coronavirus
Suárez Dávila, Francisco - In: Economíaunam 17 (2020) 51, pp. 248-262
Persistent link: https://www.econbiz.de/10013443859
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Reexaminando la economía de los costos de la deuda
Wray, L. Randall - In: Economíaunam 17 (2020) 50, pp. 27-52
Persistent link: https://www.econbiz.de/10013418833
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Reflexiones sobre la inflación y acompañantes
Ibarra, David - In: Economíaunam 19 (2022) 56, pp. 3-21
Persistent link: https://www.econbiz.de/10013554822
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Vamos a un estancamiento con inflación
Huerta González, Arturo - In: Economíaunam 19 (2022) 56, pp. 142-154
Persistent link: https://www.econbiz.de/10013554972
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Is There a Fiscal Free Lunch in a Liquidity Trap?
Erceg, Christopher; Lindé, Jesper - C.E.P.R. Discussion Papers - 2010
This paper uses a DSGE model to examine the effects of an expansion in government spending in a liquidity trap. The … spending multiplier can be much larger than in the normal situation if the liquidity trap is very prolonged, and the budgetary … expansion. Our paper addresses this question in a model environment where the duration of the liquidity trap is determined …
Persistent link: https://www.econbiz.de/10008468666
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Aspects of Fiscal Performance in some Transition Economies under Fund-supported Programs
Buiter, Willem H. - C.E.P.R. Discussion Papers - 1996
This paper contains a selective review of some of the key fiscal issues faced by transition economies. The twelve countries that provide the empirical background for this study have all been under Fund programmes for at least some of the time since they initiated their transitions from plan to...
Persistent link: https://www.econbiz.de/10005123808
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Bankers' Versus Workers' Europe (I): Adverse Selection in EMU
Bottazzi, Laura; Manasse, Paolo - C.E.P.R. Discussion Papers - 1998
The delegation of monetary policy to a supranational Central Bank creates a conflict of interest between residents of different countries. For example, the country in recession favours more inflation to boost output, while the country in boom prefers exactly the opposite. This conflict gives...
Persistent link: https://www.econbiz.de/10005124355