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Inflation Dynamics and the Cost Channel of Monetary Transmission
Chowdhury, Ibrahim; Hoffmann, Mathias; Schabert, Andreas - 2004
Wirkung besitzt. Des Weiteren findet diese Studie anhand einer Simulationsanalyse, dass eine kontraktive Geldpolitik unter … implizieren somit, dass eine gemeinsame Geldpolitik - wie zum Beispiel innerhalb der EWU - aufgrund heterogener …
Persistent link: https://www.econbiz.de/10005854268
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WHAT WE DON’T KNOW ABOUT THE MONETARY TRANSMISSION MECHANISM AND WHY WE DON’T KNOW IT
Beyer, Andreas; Farmer, Roger E. A. - London School of Economics and Political Science - 2008
We study identification in a class of linear rational expectations models. For any givenexactly identified model, we provide an algorithm that generates a class of equivalentmodels that have the same reduced form. We use our algorithm to show that a modelproposed by Jess Benhabib and Roger...
Persistent link: https://www.econbiz.de/10009138465