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Policy biases when the monetary and fiscal authorities have different objectives
Until recently, the debate on the relationship between monetary and fiscal authorities centered on the inflationary consequences of mentary financing of the fiscal deficit. The moderately high inflation of the 1970s in some industrialized countries and, particularly, the recurring episodes of very ...
Un estudio del ahorro agregado por agentes económicos en Chile
La notable alza de las tasas de ahorro privado y público desde comienzos de los años 80 en Chile ha despertado considerable interés. Este interés se ha reflejado tanto en discusiones de política económica como en trabajos académicos. Entre ellos, Morandé (1998) y Agosín (1999) se proponen explicar lo ...
The sources of economic growth: an overview
The importance of economic growth cannot be overstated. Income growth is ssential for achieving economic, social, and even political development. Countries that grow strongly and for sustained periods of time are able to reduce their poverty levels significantly, strengthen their democratic and political ...