In this Paper we study the impact of credit risk transfer (CRT) on the stability and the efficiency of a financial …

cartel pricing, airline prices in Europe might come down more gradually as efficiency increases and market niches are …

of unions is more on equity rather than efficiency. …

We consider "robust stability" of a rational expectations equilibrium, which we define as stability under discounted … exhibit robust stability. We consider a variety of interest-rate rules, including instrument rules, optimal reaction functions … Honkapohja (2003, 2006) deliver robust learning stability. In contrast, many proposed alternatives become unstable under learning …

make an attempt to explain the dynamic stability of the system. This attempt gives a central place to movements in desired …

This Paper explores the local stability properties of the steady state in the two-sector neo-classical growth model …

leads to the stability and uniqueness of the symmetric equilibrium. …