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-specific. Second, financial innovation appears to have had a weaker impact on money demand in the euro area than in other economies. A …
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United States and Japan, respectively. Our estimation framework allows a distinction to be made between spillover effects …
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There has been much discussion of the differences in macroeconomic performance and prospects between the US, Japan and …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …
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