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We add the Bernanke-Gertler-Gilchrist model to a modified version of the Smets-Wouters model of the US in order to explore the causes of the banking crisis. We test the model against the data on HP-detrended data and reestimate it by indirect inference; the resulting model passes the Wald test on...
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We add the Bernanke-Gertler-Gilchrist model to a world model consisting of the US, the Eurozone and the Rest of the World in order to explore the causes of the banking crisis. We test the model against linear-detrended data and reestimate it by indirect inference; the resulting model passes the...
Persistent link: https://www.econbiz.de/10009738907
theory studies of international treaties. Our Agreement with the EU if we sign it will not last for long if it stops us from … pursuing our interests in trade and regulation: no one, certainly not the EU, can force us to stay with it. It has been … negotiated like a hostile divorce because the EU wanted to prove it does not pay to leave. But once the divorce has happened, it …
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towards establishing a common ground for macroprudential oversight and policymaking in the EU. The database focuses on …
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