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We develop an extension of the open economy New Keynesian model in which agents are boundedly rational à la Gabaix (2020). Our setup nests rational e...
Insights from the IPF workstream can help guide the appropriate policy mix during an inflow surge, based on the shock and country characteristics. Inf...
Many countries have used energy subsidies to cushion the effects of high energy prices on households and firms. After documenting the transmission of ...
This paper proposes a novel explanation for why foreign currency denominated loans to households have become so popular in some emerging economies. Ou...