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financial systems still reflect national values? The case of the United States, Germany, and France / Eelke de Jong -- Chapter 8 … independence and monetary policy in the US, Germany and France: have they converged? / Eelke de Jong -- Part IV. Concluding remarks …, Germany, and France. These three countries represent broadly different types of economic organization and their corresponding …
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, Germany, and France. These three countries represent broadly different types of economic organization and their corresponding …
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This paper estimates a series of shocks to hit the US economy during the Great Depression, using a New Keynesian model with unemployment and bargaining frictions. Shocks to long-run inflation expectations appear to account for much of the cyclical behavior of employment, while an increase in...
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This paper analyzes the heterogeneous effects of monetary policy on workers with differing levels of labor force attachment. Exploiting variation in labor market tightness across metropolitan areas, we show that the employment of populations with lower labor force attachment--Blacks, high school...
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