Dittmar, Robert F. (contributor); … - 2003 - [Elektronische Ressource], rev
monetary policy actions have real effects. The identification
problem is difficult and there is no widely accepted solution ….
This paper shows that a flexible-price, general-equilibrium business cycle model
in which monetary policy shocks have … of monetary policy are large or small.
Based on Gavin and Kydland (1999), our real business cycle model has a
shopping …