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Rücksicht auf deren Zahlungsfähigkeit und teilweise mit dubiosen Methoden. Nun ist der Kredit- und Immobilienboom in den USA …
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We examine whether by adding a credit channel to the standard New Keynesian model we can account better for the behaviour of US macroeconomic data up to and including the banking crisis. We use the method of indirect inference which evaluates statistically how far a model is simulated behaviour...
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