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Traditional ways of analyzing the effects of monetary policy shocks via structural vector autoregressions require the use of unrealistic identifying assumptions: they either do not allow for a response of output and prices on impact of the shock, or they exclude contemporaneous values of these...
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I study the economies of Colombia (floating exchange rate) and Panama (dollarized) to illustrate how the monetary …
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this informative report on currency, traveler's checks, money wiring, ATMs, banks, and credit cards in Panama …
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