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Is the United States best served by a single currency? This question is explored in this paper by looking at the regional effects of U.S. monetary policy shocks through the perspective of the Optimal Currency Area framework. Using monthly state-level data for the period 1983:1 to 2008:3, this...
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Some observers believe the business cycle influences religiosity. This possibility is explored in this paper by empirically examining the relationship between macroeconomic conditions and religious participation by U.S. Protestants. The findings of this paper suggest that there is a strong...
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The U.S. national debt is now near 100 percent of GDP and is expected to double that by 2050, according to the Congressional Budget Office. This change in U.S. public finance has some observers worried that a regime of fiscal dominance may soon emerge, making monetary policy subservient to...
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