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I use a Bayesian vector autoregressive (VAR) model to investigate the impact of monetary and technology shocks on the … euro area stock market in 1987-2005. I find an important role for technology shocks, but not monetary shocks, in explaining … variations in real stock prices. The identification method is flexible enough to study the effects of technology news shocks. The …
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In this article, we study Europe's monetary geography on the eve of the Industrial Revolution. Our unit of analysis is the city and we explore inter-city linkages. Important findings include a considerable degree of integration and multilateralism with monetary centres having already emerged as...
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In this paper the authors build upon Assenza et al. (Credit networks in the macroeconomics from the bottom-up model, 2015), which include firm-bank and bank-bank networks in the original macroeconomic model in Macroeconomics from the bottom-up (Delli Gatti et al., Macroeconomics from the...
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