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Since the publication of Keynes' "General Theory of Employment, Interest, and Money" in 1936 many new ideas and …
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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...
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early nineteenth-century debate through postwar developments in monetary theory on the case for stable money and the …
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