||Staff Working Papers describe research in progress by Bank staff and are published to elicit comments and to further debate. The Bank’s Senior Management has taken a determined ‘hands off’ approach to our new staff publications, to allow them greater scope to speak more freely, and to support or challenge existing orthodoxies.
As such, any views expressed are solely those of the authors, do not necessarily represent those of the Bank or its policy committees, and should not be reported as such.
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