Khan, Mohsin S. and S. A. Senhadji (2001), “Threshold Effects in the Relationship between Inflation and Growth”, IMF Staff Papers, Vol. 48 (1) pp. 1-21. Rogoff, Kenneth (1985), “The Optimal Degree of Commitment to an Intermediate Monetary Target”, Quarterly Journal of Economics, Vol. 100, No.4, pp. 1169-1189. 8  BIS Review 163/2008
Practicality has been the hallmark of all my economic research, and my motivation continues to be the desire to better understand why people undertake commercial transactions, so that policy makers may guide us towards transactions that uplift the community, and away from actions that are self-defeating.