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Sources of the great moderation : shocks, frictions, or monetary policy?

Liu, Zheng (contributor); Waggoner, Daniel F. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003811513

Sources of macroeconomic fluctuations : a regime-switching DSGE approach

Liu, Zheng; Waggoner, Daniel F.; Zha, Tao - 2010

Persistent link: https://www.econbiz.de/10003813037

Sources of the great moderation : shocks, frictions, or monetary policy?

Liu, Zheng; Waggoner, Daniel F.; Zha, Tao - 2009

Persistent link: https://www.econbiz.de/10003799984

Asymmetric expectation effects of regime shifts and the great moderation

Liu, Zheng (contributor); Waggoner, Daniel F. (contributor); … - 2007

We assess the quantitative importance of expectation effects of regime shifts in monetary policy in a DSGE model that allows the monetary policy rule to switch between a "bad" regime and a "good" regime. When agents take into account such regime shifts in forming expectations, the expectation...