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The use of purchasing power parity as a basis of fixing exchange rates among industrial...

The paper distinguishes between three different channels through which fiscal policy changes may...

Many countries have initiated reforms in their monetary control procedures by relaxing direct...

This paper reviews the literature on factors which affect saving and capital formation in...

The IMF Working Papers series is designed to make IMF staff research available to a wide...

This paper examines the empirical evidence on the contribution that government and, in...