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We assume that central banks can control inflation so that inflation rates reflect the preferences of the central bank … which the various educational and professional characteristics occupy in the central bank council and second by the … education or profession of the median central bank council member. Our results indicate that, with regard to professional …
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This paper studies the effect of monetary policy shocks on different demographic groups in the U.S. labor market. I look at the effect of a contractionary monetary policy shock on unemployment rates of high and low-skill workers, finding that the low-skill group is more sensitive to these shocks...
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