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. Our results show that given the current degree of openness of the US and euro area economies, the gains from monetary …

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Coenen, Günter; Lombardo, Giovanni; Smets, Frank; … - In: International dimensions of monetary policy : [... …, (pp. 157-192). 2009

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) model for the United States (US) and the euro area (EA). The main features of the new open economy macroeconomics (NOEM) are …

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