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The mortality rate dynamics between two related but different-sized populations are modeled consistently using a new … stochastic mortality model that we call the gravity model. The larger spreads (or deviations) relative to the evolution of the … population’s mortality rates move in line with those of the larger population in the long run. This is important where it is …
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Financial stability is an important policy objective since crises are associated with big economic, social, and political costs. Promoting stability requires preventing “sudden stops” in capital flows, which are events in which foreign financing abruptly disappears. This paper contributes to...
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