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economy in the form of inflation outbursts, widening of current account deficits, asset price .... monetary conditions, high money and credit growth rates. Some of ...
Dec 1, 2012 - rates in community-managed microfinance. OlE Dahl RasMussEN. Ole Rasmussen ([email protected]) is an adviser on Evaluation and Microfinance ...
investor choosing between bonds denominated in either dollars or euros. Clearly ...... Canadian Journal of Economics 28 (Special issue, November): S108â19.
We used to think that if interest rates are higher at long maturities or in other countries, interest rates .... HH can trade 2 currencies and dollar and euro bonds.
exchange rates is that observed variations in interest rate differentials across .... Therefore, attempts to account for foreign exchange risk premia in models of.
Sep 25, 2017 - public-sector credit demand be Bs = (1 â γ)G. Then a weakly negative ...... externality on TFP. Next, define the natural rate of interest to be: rn.
Apr 5, 2018 - bates about the merits and consequences of austerity. If spending shocks stimulate output without tightening credit markets in the short-run, ...
tested in future work. For example, the ... satisfy these conditions include start-ups or small businesses, especially in high-tech fields. The model also yields ...
about the central bank's policy preferences, short and long interest rates ...... for monetary policy and business cycle analysis,â Journal of Money, Credit, and.
business cycle model of a small open economy and estimate it on ... We focus on the propagation role of the financial accelerator in accounting for the ... Our work is a continuation of the research program on business cycles in emerging.
Oct 30, 2017 - It is therefore important to understand what drives housing market dynamics. .... of interest rates in a search model using detailed data on the list ...
Riksbank for financial support. The views expressed in this paper are ...... Monetary policy rules, Chicago University Press, 1999. Skinner, Tom and Jerónimo ...
