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Central banking has been traditionally characterized by mystique and an organizational culture of secrecy. While in recent years there has been a shift towards greater transparency around the globe, the degree of transparency continues to vary across countries. This is surprising because the...
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We model the endogenous formation of nations in a world economy where nations apply redistributive policies. We show … that people's preference for stronger redistributive policies may lead to greater inequality in the world's distribution of …
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