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diagnostics when applied to the post 2007 period that includes the recent financial crisis …
Persistent link: https://www.econbiz.de/10013094817
the monetary policy shocks, and consider the time profiles of their effects on the euro area. To this end we include the …
Persistent link: https://www.econbiz.de/10012783809
New Keynesian Phillips Curves (NKPC) have been extensively used in the analysis of monetary policy, but yet there are a number of issues of concern about how they are estimated and then related to the underlying macroeconomic theory. The first is whether such equations are identified. To check...
Persistent link: https://www.econbiz.de/10013316577