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This paper examines whether the responsiveness of employment, investment, and inventory accumulation to exogenous changes in sales depend on the leverage of the firm.
This conference will honor the work of Allan H. Meltzer, AEI visiting scholar and professor at Carnegie Mellon University where he holds the title of Allan H. Meltzer Professor of Political Economy and Public Policy. On the day of AEI’s annual dinner when Mr. Meltzer will receive the Irving Kristol...
This paper considers current problems in what is often termed the "global financial architecture" and proposes a set of solutions to those problems.
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