This paper presents a geographical theory of location and interregional trade. Location is treated as an endogenous … compensating-differential theory of regional unevenness, (2) the theoretical formulation of a gravity theory of trade patterns, (3 …

Central banker faces a tradeoff between surprise inflation and building reputation, defined as the private sector's belief … future grounds with temptation leads the way for a negative drift of reputation in equilibrium. Plans that successfully … the zero reputation limit, a gradual disinflation is preferred despite the absence of inflation inertia in the private …

enforcement of conditionality. Attracted by this prospect, malevolent governments strategically reform, enhancing their reputation …