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Uninsured Countercyclical Risk: An Aggregation Result and Application to Optimal Monetary Policy
uninsured risk sticky prices optimal monetary policy
2011/8/21
We consider an incomplete-markets economy with capital accumulation and endogenous labor supply. Individuals face countercyclical idiosyncratic labor and asset risk. We derive conditions under which t...
Why Supply Management in Canada can Co-exist with the Prospective Doha Round Result
Supply Management Canada Co-exist Prospective Doha Round Result
2014/4/11
The Canadian supply management system could continue to function under the prospective Doha Round result. The main change the industry would face would likely be the replacement of the present pricing...