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In the aftermath of the global financial crisis, the state of macroeconomicmodeling and the use of macroeconomic models in policy analysis has come under heavy criticism. Macroeconomists in academia and policy institutions have been blamed for relying too much on a particular class of...
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the euro area economy and examine, using the ECB's New Area-Wide Model, the consequences of the lower bound both for the …
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the euro area economy and examine, using the ECB's New Area-Wide Model, the consequences of the lower bound both for the …
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