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Balanced growth models are commonly used in macroeconomics because they are consistent with the...

The paper models the incentives for a self-interested government to implement "good policies"....

Several transition countries have experienced strong real exchange rate appreciations. This paper...

Whereas the economics discipline possesses a highly refined theoretical apparatus to analyze the...

This paper examines the extent to which conclusions of cross-country studies of private savings...

Long-run movements of real exchange rates are studied using a panel data set comprising 51...