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In order to focus on the nature of the incentives with which the central bank should be faced , I assume that both the government and the individuals who might head the bank share the same preferences over inflation and output ...
In order to focus on the nature of the incentives with which the central bank should be faced , I assume that both the government and the individuals who might head the bank share the same preferences over inflation and output ...
Página 332
To the extent that the Bank's role stems from its unique capacity to influence the domestic policy environment , it remains as important an influence for economic development today as it did in days of more limited international capital ...
To the extent that the Bank's role stems from its unique capacity to influence the domestic policy environment , it remains as important an influence for economic development today as it did in days of more limited international capital ...
Página 333
Bank's approach to lending from practically day one . Bank money always came with ideas and advice attached . Where do the ideas themselves come from ? Early on , the Bank's dependence on bond markets for financing its operations ...
Bank's approach to lending from practically day one . Bank money always came with ideas and advice attached . Where do the ideas themselves come from ? Early on , the Bank's dependence on bond markets for financing its operations ...
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Evidence? | 17 |
The Effect of Institutions on Economic Behavior | 409 |
Theory of Contracts | 432 |
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aggregate analysis assume average bank behavior benefits capital central changes choice coefficient condition consumption contract correlation cost countries decision demand depends discussion Economic effect employment equal equation equilibrium estimates evidence example expected firms function given growth higher households important income increase individual industry inflation interest International issue Journal labor less lower marginal mean measure ment monetary Notes observations output percent period player political population positive possible preferences Press probability problem question ratio reduce regression relative reported Research response Review risk rules sample schooling sector shocks significant social spending standard statistically studies suggests Table theory tion trade transfer United University utility variables wage welfare workers