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The paper examines international issues that arise in the design and evaluation of macroeconomic policy rules. It begins with a theoretical investigation of the effects of fiscal and monetary policy...
The Current Account and Macroeconomic Policy: An Econometric Analysis.
Macroeconomic Policy and Unemployment in the 1990s     Macroeconomic Policy  Unemployment       font style='font-size:12px;'> 2015/8/4
Macroeconomic Policy and Unemployment in the 1990s.
The Policy Rule Mix: A Macroeconomic Policy Evaluation     Policy Rule Mix  Macroeconomic Policy       font style='font-size:12px;'> 2015/8/4
This draft was prepared for the Robert A. Mundell Festschrift Conference, organized by Guillermo Calvo, Rudi Dornbusch, and Maury Obstfeld and held at the World Bank, Washington, D.C., October 24, 1...
How the Rational Expectations Revolution has Changed Macroeconomic Policy Research.
This article reviews the role of monetary and fiscal policy in the financial crisis and draws lessons for future macroeconomic policy. It shows that policy deviated from what had worked well in the ...
Distributional consequences typically receive limited attention in economic models that analyze the effects of monetary and financial sector policies. These consequences deserve more attention since f...
Macroeconomic Policy Under Currency Inconvertibility

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