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Creativity is a certain feature of human nature, and one can expect it to be very complex issue determined by social … creativity must originate from the existence of a surplus above the fair salary. Human capital model allows for estimation of its …
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This paper develops a theoretical model of dynamic decision-making of a monetary policy committee with heterogeneous …
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This paper investigates the monetary regime choice between a monetary union and a flexible exchange rate regime in a large open economy framework. The classical approach argues that a monetary union should be established between countries with positively correlated shocks so that the cost of the...
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