We examine how to quantitatively reconcile the high volatility of market valuations of U.S. corporations with the relative stability of macroeconomic quantities since 1929. Macroeconomic and financial
This repository contains replication codes and data for paper titled "Inefficient Shocks and Optimal Monetary Policy" authored by Sargam Gupta. For details on replication see Readme.txt file. Kindly c
Country partnership with the International Monetary Fund (IMF) is ideally rare and short in duration. States turn to the IMF in times of economic crisis, which usually involve some combination of incr
Abstract The paper queries the conception of fiscal policy in mainstream macroeconomics. The critics focus on the insufficiency of this approach to capture the relations established between the state
