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ensure the following: (i) equality among the risk-adjusted rates of return and (ii) equilibrium in the output market. The … also conducted. These assess the effects of risk on growth and the impact of fiscal policy on both the mean growth rate and …
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What are the incentives for governments to coordinate their policies internationally when there is model disagreement and uncertainty? We build a model where countries disagree on policy targets and how policies affect the economies, and show that uncertainty not only determines the type of...
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