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the Barro-Ricardo equivalence, the cause of inflation, and the role of monetary policy. FF, throwing a different light on …
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and de facto independence of selected central banks around the world in the past few years. It finds that although the … central banks of some of the largest economies in the world may have weakened. The paper presents counterarguments to the key …
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Following the experience of the global financial crisis, central banks have been asked to undertake unprecedented responsibilities. Governments and the public appear to have high expectations that monetary policy can provide solutions to problems that do not necessarily fit in the realm of...
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