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A Summary of the Empirical and Analytical Results and the Implications for International Monetary Policy.
Implications of the Globalization of World Financial Markets: An Overview.
I am pleased and honored to be here to share my thoughts on the momentous event that occurred on October 6, 1979, and I thank Bill Poole, Bob Rasche, and Dan Thornton for being such gracious hosts...
The purpose of this note is to provide some background for a discussion of the monetary policy implications of globalization. By globalization I simply mean the increased mobility and interdependenc...
Competitiveness presentation delivered in Reykjavik, Iceland.
Keynote talk about enhancing U.S. competitiveness during the Inner City 100 Symposium: Icons of Industry Growth
A model is developed that rationalizes contracts that give depositors the right to obtain funds on demand even when depositors intend to use these funds for consumption in the future. This is explaine...
Movement toward the objective of undistorted world agricultural markets has been set back by the lapse since 2008 of the WTO Doha Round negotiations. In the absence of a new agreement, constraints...
Reducing the greenhouse gas emissions that contribute to climate change is one of the fundamental challenges of our time. No single action will solve the problem: mitigation will require a host of...
There are 12 priority integration sectors of strategic importance for the Association of Southeast Asian Nations (ASEAN). Exports from the nine largely goods sectors, with almost three quarters of mer...
We study productivity dispersions across workers, firms and industrial sectors. Empirical study of the Japanese data shows that they all obey the Pareto law, and also that the Pareto index decreases ...
This paper grew out of a workshop where a group of agricultural trade experts were invited to discuss the consequences of a failed Doha Round for Canadian agriculture. Although every member of th...
When the Uruguay Round of multilateral trade negotiations concluded in 1994, the World Trade Organization (WTO) Members mandated that new negotiations begin in 1999 for agriculture and services (W...
In July 2004 a “framework agreement” for the Doha Development Agenda (DDA) was accepted as a guide for remainder of the negotiations. The negotiators had hoped to reach agreement on the modalities for...

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