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"This paper investigates the behavior of short-term real and nominal rates of interest by combining consumption …
Persistent link: https://www.econbiz.de/10002977395
"When monetary policies are endogenous, the conventional VAR approach for detecting the effect of monetary policies is powerless. This paper proposes to test the implication of monetary policies along a different dimension. That implication is to exploit the policy induced exogeneity of...
Persistent link: https://www.econbiz.de/10002956722
Persistent link: https://www.econbiz.de/10001974839