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The paper develops a small dynamic macroeconomic simulation model for a representative developing...

We investigate the properties of Johansen's (1988, 1991) maximum eigenvalue and trace tests for...

This paper provides a quantitative exploration of international spillovers of macroeconomic...

This paper analyzes the relationship between inflation tax and the level of government spending...

The dynamic responses of a developing economy to a variety of policy and external shocks are...

Banks in developing economies often face a mismatch in the currency denomination of their...