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The monetary policy decision, as any other decision, is the product of a procedure assembling a lot of primary … information, but also what type of other ingredients contribute finally to a certain monetary policy decision. …
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The article presents a look of the principal’s mathematical models – starting with Theil, Hansen and Tinbergen work – and their results used to analysis and design macroeconomic policies. In modeling field changes are very fast in theoretical aspects of modeling the many problems of...
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