of government bond yields to domestic economic news was reduced only at shorter maturities in Canada than in the United … Kingdom and the United States. Moreover, we find that it was reduced less strongly in Canada than in the United Kingdom. This … suggests that in Canada monetary policy lost less of its effectiveness than in the United Kingdom, and only up to shorter …

with different equilibria descriptive of the labor markets in Spain and France, where the unemployment rates went from the … unemployment rate in Spain has jumped to much higher levels while switching between equilibria or, what is the same, because of …