financially included agents above the socially efficient level. We conduct a quantitative assessment for the case of India. Our …

, monetary policy has distributional consequences. To quantify these effects, we calibrate our model to India, accounting for a …

Keynesian model we show that, if households have hyperbolic discounting, small positive rates of inflation can be optimal. In … our baseline calibration, the optimal rate of inflation is 2.1% and remains positive across a wide range of calibrations …. -- optimal monetary policy ; inflation targeting ; unemployment ; Phillips curve ; nominal inertia ; monetary policy …

Vickrey's fundamental contributions to the economic theory of incentives, which he applied to the areas of taxation, auction … theory, and pricing. His work focused on the economics of asymmetric and private information. Critics of Vickrey's full …

-LM curves introduced by Hicks to describe Keynes' general theory. IS-LM analysis is thus not incompatible with full market …