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This paper looks at some implications of data uncertainty for monetary policy. We combine national accounts data revisions with optimal control and filtering experiments on a calibrated model to discuss policy implications of price-versus-volume data uncertainty in GDP data for the United...
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The issue of central bank profit distribution is both complex and often politically controversial. Based on the replies … of 57 central banks worldwide to an ECB questionnaire, this paper analyses how profit distribution rules can affect the … amounts distributed and the financial strength of central banks. The paper also investigates the link between profit …
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