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Effects of Fiscal Stimulus in Structural Models
The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, accountExpand
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Monetary Policy and Inflation Dynamics
Since the early 1980s, the U.S. economy has changed in some important ways: inflation now rises considerably less when unemployment is low, and the volatility of output and inflation have fallenExpand
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Inflation Expectations and the Transmission of Monetary Policy
New Keynesian models with sticky prices and rational expectations have a difficult time explaining why reducing inflation usually requires a recession. An explanation for the costliness of reducingExpand
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Games in Culture
RECREATIONAL activities have been classic ethnographic concerns, and sophisticated questions about the distributions of games were asked early in the history of anthropology.1 Still, the science hasExpand
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What's Happened to the Phillips Curve?
The simultaneous occurrence in the second half of the 1990s of low and falling price inflation and low unemployment appears to be at odds with the properties of a standard Phillips curve. We findExpand
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How Well Does the New Keynesian Sticky Price Model Fit the Data?
The New Keynesian sticky-price model has become increasingly popular for monetary-policy analysis. However, there have been conflicting results on the empirical performance of the model. In thisExpand
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Estimates of the Productivity Trend Using Time-Varying Parameter Techniques
In the second half of the 1990s, U.S. productivity growth moved up to rates not seen in several decades. In this paper, I use time-varying parameter techniques to isolate trend from cyclicalExpand
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Effects of Fiscal Stimulus in Structural Models
The paper assesses, using seven structural models used heavily by policymaking institutions, the effectiveness of temporary fiscal stimulus. Models can, more easily than empirical studies, accountExpand
  • 30
  • 4
Child training and game involvement
Games are systemic culture patterns which are distinctive, ancient, and widespread among the cultures of the world. While games and gamesters have long claimed the scholarly interest ofExpand
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A Study of Values
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