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This study used the Bayesian methodology to estimate and calibrate a small-scale DSGE model of the Philippines. The goal of this study was to review the risk associated with increases in sovereign deficits. The major results of the study are: Estimates of fiscal rules show that fiscal authority...
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and Japan. For robustness, the results are compared to those obtained from leading structural models, such as NiGEM and …
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This article addresses Japan's economy, its new economic policy package, which is known as Abenomics. The centerpiece …
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