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Nancy Cartwright views models as blueprints for nomological machines - machines which, if properly shielded, generate lawlike behaviour or regularities. Marcel Boumans has argued that we can look for devices inside models which enable us to measure aspects of these regularities. So, if models do...
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This paper documents a marked increase in international consumption risk sharing throughout the recent globalization … international consumption comovements, we make use of the information implicit in the relative levels of consumption and output to … crosscountry and cross-regional income flows with considerable precision. Both international income flows as well as consumption …
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