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Traditional infrastructure regulation—the law of regulated industries—rests atop three pillars: rate regulation, entry … distinctive function of banks. Bank regulation can therefore be understood as a subfield of infrastructure regulation. With few …
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We evaluate the global macroeconomic effects of fiscal and monetary policy measures to counterbalance secular stagnation by simulating a five-region New Keynesian model of the world economy, calibrated to the United States (US), the euro area (EA), Japan (JP), China (CH), and the rest of the...
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