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This thesis consists of three self-contained chapters in empirical macroeconomics and analyzes important issues related to monetary policy and labor supply. The first chapter deals with the problem of weak identification in the estimation of inflation dynamics and a monetary policy rule. We...
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Robert W. Clower's article "A Reconsideration of the Microfoundations of Monetary Theory" (1967) deeply influenced the … monetary and Walrasian value theory. On the other hand, it was the fountainhead of the cash-in-advance models à la Robert J …. Lucas (1980), one of the most widely used approaches to monetary theory since the 1980s. Despite this influence, there is no …
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