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during FY2004/2005:Q1-FY2015/2016:Q4; and Bayesian methods are used in estimation. Findings - The results show that monetary …
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cover -- Contents -- Series Foreword -- Preface -- Introduction -- A Simple Model of Unemployment and Inflation Dynamics -- Unemployment, the Output Gap, and the Welfare Costs of Economic Fluctuations -- Unemployment and Monetary Policy Design in the New Keynesian Model -- Concluding Remarks and...
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evidence from France in the 1930s. In 1936, France departed from the gold standard and implemented mandatory wage increases and …
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