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  • Endogenous Price Flexibility and Optimal Monetary Policy 

    Senay, Ozge; Sutherland, Alan (University of St Andrews, 2010)
    Much of the literature on optimal monetary policy uses models in which the degree of nominal price flexibility is exogenous. There are, however, good reasons to suppose that the degree of price flexibility adjusts ...
  • Tax Structure, Growth and Welfare in the UK 

    Angelopoulos, Konstantinos; Malley, James; Philippopoulos, Apostolis (University of Glasgow, 2008)
    This paper studies the quantitative implications of changes in the composition of taxes for long-run growth and expected lifetime utility in the UK economy over 1970-2005. Our setup is a dynamic stochastic general ...

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