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employ a radial DEA model to measure Eurosystem central banking efficiency. The Eurosystem monetary scheme offers interesting … properties that allow DEA to be implemented with minimum noise. Considering price stability as the core Eurosystem mission, our …
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What were the distributional consequences of the recent demonetization in India? Can the implementation of demonetization be improved to mitigate its distributional impact? This paper answers these questions using a dynamic contracting model featuring costly state verification and...
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