How does a higher inflation target affect determinacy and learnability of rational expectations equilibria under alternative monetary/fiscal policy mixes in new Keynesian models? What is the role of central bank transparency? This article proves that in a non-Ricardian regime, determinacy and learnability conditions are insensitive to changes in trend inflation and to transparency issues: expec…

The first succinct and authoritative overview of the making of the modern Middle East, this lucid book brings a valuable mix of historical perspectives and contemporary analysis to a wide audience of readers seeking expert knowledge about this troubled and fascinating region. Giving a rich perspective on the region's historical and political evolution, the book traces the influence of factors s…