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euro area, Turkey and the US, and some of its most important tradeable sectors we identify significant hysteretic effects …
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euro area, Turkey and the US, and some of its most important tradeable sectors we identify significant hysteretic effects …
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The belief that the ECB follows the US Federal Reserve in setting its policy is so entrenched with market participants and commentators that the search for empirical support would seem to be a trivial task. However, this is not the case. We find that the ECB is indeed often influenced by the...
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