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This paper proposes a stylized model of policy determination and imperfect international integration. A country-specific policy wedge corrects labor market imperfections and/or redistributes welfare across differently wealthy agents. Capital market integration with the rest of the world, indexed...
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paper establishes that good monetary policy can reduce instability. Regulation at worse destabilises the economy and at best …
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The determinants of incentive regulation are a key issue in economics. More powerful rules relax allocative distortions …
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The determinants of incentive regulation are an important issue in economics. More powerful rules relax allocative …
Persistent link: https://www.econbiz.de/10014218720
liability, and second, an incentive regulation framework. We briefly describe the application of those instruments in the United …
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