. It is shown that a credibly fixed exchange rate to a low inflation country, like a currency board, can reduce corruption …

2010-2018. Using Jordà’s (2005) local projection method, we find that unemployment rates decline in response to …. In the periphery countries, the reduction in unemployment rates is relatively pronounced, while in the core countries it …

such as unemployment. Previous studies indicate that monetary policy affects the output gap only at business cycle … frequencies, but the effects on unemployment may well be more persistent in countries with highly regulated labor markets. We … study the Swedish experience of unemployment and monetary policy. Using a structural VAR we find that around 30 percent of …

a fixed policy rate. This policy induces similar welfare losses relative to dual-instrument policy as inflation …

primary surpluses can have a positively valued currency and low inflation. It also provides an example with closed …