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Output and Price Stability: An International Comparison.
Improvements in Macroeconomic Stability: The Role of Wages and Prices.
Estimates of the effect of different international monetary regimes on the parameters of the Phillips curve, the Keynesian consumption function, and other reduced-form macroeconomic relationships are...
The Great Inflation, The Great Disinflation, and Policies for Future Price Stability.
This paper takes as given the principle that long-run price stability should be the central goal of monetary policy. The purpose of the paper is to discuss conceptual issues pertinent to the task of...
The effects of three different inflationary environments—high inflation, low inflation, and negative inflation—on real output stability are examined by looking at the experiences of Japan and the U...
The Bush administration’s emerging market strategy is an interrelated part of our overall international economic agenda. The agenda focuses on two goals: increasing economic growth and increasing e...
It is an honor to be invited to give the Inaugural Mayekawa Lecture, and it is a special pleasure to return to Tokyo and the Bank of Japan (BOJ) to do so. I would like to begin the lecture by taking...
Using a recursive empirical model of the real interest rate, GDP growth and the primary government deficit in the United States, I solve for the ergodic distribution of the debt/GDP ratio. If such a d...
This paper proposes a new approach to improve the way central banks can analyze and manage the financial risks of a national economy. It is based on the modern theory and practice of contingent claims...
This paper proposes a new approach to improve the way central banks can analyze and manage the financial risks of a national economy. It is based on the modern theory and practice of contingent claims...
Figure 14. Non-core liabilities of Korean banks as proportion of M2 (Source: Shin and Shin (2010), data from Bank of Korea)
Complexity and Funding Stability     Complexity  Funding  Stability       2014/3/18
Complexity and Funding Stability
SOURCES OF GROWTH and CYCLICAL STABILITY by ERS County TYPOLOGY。
Accommodating couples has been a long-standing issue in the design of centralized labor market clearinghouses for doctors and psychologists, because couples view pairs of jobs as complements. A stable...

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