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Monetary policy rules and welfare in dynamic stochastic models

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Welfare-maximizing monetary policy under parameter uncertainty

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Foreign output shock in small open economies : a welfare evaluation of monetary policy regimes

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Financial frictions, monetary policy and business cycles

Zhang, Longmei - 2011

This dissertation consists of three essays, which study the implication of financial frictions in business cycles and monetary policy making. The first essay develops a Dynamic Stochastic General Equilibrium (DSGE) model to study how the instability of the banking sector can amplify and...

Persistent link: https://www.econbiz.de/10009422184