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economic freedom. The analysis relates to two kinds of economic liberties taken from the concept of freedom formulated by … Isaiah Berlin. While the first kind of freedom (negative freedom) depends on the external system (e.g. the constraints on the … prevent the free exercise of business (positive freedom): specifically, the social network, in which the company is embedded …
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Macroprudential policy improves economic outcomes by reducing the likelihood and severity of financial crises. Yet it is pertinent to ask, are there unintended long run consequences to the introduction of a macroprudential policy regime, and are these consequences conditional on the a priori...
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