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Working Paper
Alternative reserve concepts as operating targets in monetary policy implementation : specifications of the structural model
Monetary policy is concerned with the ultimate goals of price stability, full employment, and economic growth, and with the short-run stability of financial markets.
Working Paper
The cost of capital, the desired capital stock, and a variable investment tax credit as a stabilization tool
This study considers the potential of a variable investment tax credit to relieve the pressure of a contracyclical monetary policy on the housing and State and local government sectors.