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Only show results from the working paper series.

  1. Working Paper

    Working Paper

    Why The Monetary Policy Framework in Advanced Countries Needs Fundamental Reform

    By William White

    Aug 2023

    Monetary policy should be guided much more by financial sector developments and much less by near-term targets for inflation.

  2. Working Paper

    Working Paper

    What Next for the Post Covid Global Economy: Could Negative Supply Shocks Disrupt Other Fragile Systems?

    By William White

    Jan 2023

    The principal threat to economic stability currently is the overhang of debt, both private and public.

  3. Working Paper

    Working Paper

    Muth’s Hypothesis Under Knightian Uncertainty

    By Roman Frydman and Morten Tabor

    Dec 2022

    A Novel Account of Inflation Forecasts

  4. Working Paper

    Working Paper

    Market Participants Neither Commit Predictable Errors nor Conform to REH

    By Roman Frydman and Josh Stillwagon

    Sep 2021

    Evidence from Survey Data of Inflation Forecasts

  5. Working Paper

    Working Paper Series

    The Secular Stagnation of Productivity Growth

    By Servaas Storm

    Jan 2020

    This paper argues that it is a mistake to dismiss secular demand stagnation as main cause of declining potential growth in the OECD.