In the past five-six years, many people, friends, and students showed interest and contacted me to take my advice about opening a Non Government Organisation (NGO). Most of these people were doing well in their life but their hearts were crying to help people and bring change in the society....

We derive four sets of counterfactual national interest rate paths for the 17 Euro Area countries for the time period 1999 to 2012. They approximate desirable national interest rates countries would have liked to implement if they could still conduct independent monetary policy. We find that...

We consider the political economy of a monetary union where member governments attempt to influence the policy of the common central bank. Modeling this as a common agency with incentive contracts, we show that if incentives are all that matters for the bank, the equilibrium implements a...