. These countries place few restrictions on capital mobility and allow their exchange rates to float. The domestic focus of … monetary policy in these countries does not have any obvious international cost. Inflation targeters have lower exchange rate …

belonging to the same network. We show that there is significant asymmetry of information and no evidence of major systematic … exchange as motives to transfer. The model makes predictions about the correlations between misperceptions and transfers under … or an exchange motive with the recipient holding all the bargaining power. …

. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyse the effects on inflation …

original Meese-Rogoff sample and methodology. Just as Meese and Rogoff found for the case of exchange rates, we find that a …, aggregate stock prices seem to be as difficult to model empirically as exchange rates. …

provide evidence of reciprocity in multilateral tariff reductions that amplify the stumbling block effect. …

they can expect reciprocation in the form of future loans for themselves or for their children (reciprocity). The … reciprocity effects are incorporated in an overlapping generations repayment game with endogenous matching between lenders and …

We develop and analyse a structural model of efficiency wages founded on reciprocity. Workers are assumed to face an …