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bank lending and risk-taking channels of monetary policy by exploiting – Italian's unique – credit and security registers …
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their favour and the Central Bank fighting against inflation. Since the wage and price setters did not fully believe in an … raises the inflation rate significantly above the target inflation rate of the Central Bank. In that case a "break" in the … Euro area (Germany, France, Italy and Spain), the UK and the USA. The result are very different for the countries …
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properties of each single parameter in a DSGE model separately. In the case of France, Germany, and Italy our results point to … behavior for France, Italy, and Spain, while monetary policy in Germany seems to be stable over time. -- DSGE ; EMU ; monetary …
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