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This thesis comprises three self-contained chapters that each contributes new insights to this field of empirical macroeconomics. Chapter 1 examines the role of shocks to consumer misperceptions in explaining macroeconomic fluctuations. This chapter employs a Bayesian estimation of a New...
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The paper analyses the role of fiscal and monetary policy for the development of the current account imbalances in the euro area, including the most recent developments during the coronavirus crisis. Several financial transmission channels such as international bank lending, changes in TARGET2...
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