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Four major central banks have adopted new approaches to policy rate forward guidance with the aim of enhancing the effectiveness of monetary policy at the zero lower bound. In this special feature, we examine these approaches and assess their impact. So far, the forward guidance appears to have...
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, Italy, Spain, and the United Kingdom) to investigate the links between firm age and the participation of the firms in export … revealed is in line with the theoretical considerations. Older firms tend to be more often exporters and importers, they export … to more different destination countries, and they export a higher share of their total sales in three out of five …
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