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Les politiques macroprudentielles: Enjeux et défis

Since the global financial crisis, both advanced and emerging market economies have made progress in setting up macroprudential policy frameworks and implementing macroprudential measures.

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How do the Renminbi and other East Asian currencies co-move?

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The Cost of Banking Crises: Does the Policy Framework Matter?

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Central banks’ preferences and banking sector vulnerability

According to “Schwartz's conventional wisdom” and what has been called “divine coincidence”, price stability should imply macroeconomic and financial stability.

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Macroprudential and monetary policies: Friends or foes?

The Great Recession during the late 2000s and early 2010s has led to a strengthening of macroprudential policies over the world in order to address systemic risk concerns. However, the effectiveness of those measures remains unclear.

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A New Explanation of the Historical Growth of Government in Europe: The Role of Labor Costs

We document a robust positive correlation between the size of government and the labor share of income in data from European countries covering the period 1869-1975. Following Facchini et al (2017), we interpret this correlation as evidence that labor costs drive public spending.

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An analytical framework for retailer price and advertising decisions for products with temperature-sensitive demand

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Characterizing the hedging policies of commodity price-sensitive corporations

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