An Exploration of Optimal Stabilization Policy. Gregory Mankiw, Matthew Weinzierl, Spring 2011, Paper. "This paper examines the optimal…
The liquidation of government debt. Carmen Reinhart, March 2011, Paper. "Historically, periods of high indebtedness have been…
Monetary Policy as Financial-Stability Regulation. Jeremy Stein, March 2011, Paper. "This paper develops a model that speaks to the…
Fiscal and monetary policy each has a role to play in mitigating the volatility that stems from the large trade shocks hitting commodity-…
How many times have we heard that the nation state is passé? That borders have disappeared, that distance is dead, that the Earth is flat,…
American fiscal policy has been procyclical: Washington wasted the expansion period 2001-2007 by running budget deficits, but by 2011 had…
Current approaches to government funding of social services create significant barriers to innovation. Funding streams tend to emphasize…
Historically, many countries have suffered a pattern of procyclical fiscal policy: spending too much in booms and then forced to cut back…
By putting together a relatively large data set on bilateral remittances of emigrants, this paper is able to shed light on the important…
Book abstract: How have monetary policies matured during the last decade?
The recent downturn in economies worldwide have put monetary…