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It is well known that the size of the informal (black or grey) economy causes serious fiscal problems for Hungary. This …
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We investigate, theoretically and empirically, the relationship between monetary policy and the term structure of interest rates. In particular, we show in a dynamic macroeconomic model that if monetary policy reveals information about economic developments, interest rates of all maturities move...
Persistent link: https://www.econbiz.de/10005649304
It is well known that the size of the informal (black or grey) economy causes serious fiscal problems for Hungary. This …
Persistent link: https://www.econbiz.de/10010494381