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employment primarily along a lowskill (or low 'match-quality') dimension. In such a case, job creation would serve to lower …
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"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...
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employment in response to either monetary or non-monetary shocks, even if investment is only partially cash …
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