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In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data.We find that the uncertainty about the transmission process increases the need to take into account information about...
Persistent link: https://www.econbiz.de/10011506467
In this paper we address the issue of how transmission uncertainty could affect the choice between a federal monetary policy based on national data and one on aggregated data. We find that the uncertainty about the transmission process increases the need to take into account information about...
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questions as the expansion of the eurozone, the institution of monetary unions in Latin America and East Asia, and the effect of … the eurozone, discussing, among other topics, its effect on labor market reforms, the empirical validity of the … eurozone. Other chapters consider such topics as the effect of monetary unions on trade flows, risk-sharing mechanisms to …
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