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We derive closed-form solutions and sufficient statistics for inflation and GDP dynamics in multi-sector New Keynesian … of inflation and GDP responses to monetary and sectoral shocks and (2) increase the pass-through of sectoral shocks to … aggregate inflation. Quantitatively, we confirm the significant role of production networks in shock propagation, emphasizing …
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out to be only a slowdown, and inflation never departed from levels consistent with the ECB's quantitative definition of …
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out to be only a slowdown, and inflation never departed from levels consistent with the ECB's quantitative definition of …
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out to be only a slowdown, and inflation never departed from levels consistent with the ECB's quantitative definition of …
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