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. Im Ergebnis zeigt sich, wie wichtig die Geldpolitik ist, um Panik und Unsicherheit rasch bekämpfen zu können. Sie kommt …
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This paper presents first the estimation of a two-country DSGE model for the euro area and the rest-of-the-world including relevant oil-price channels. We then investigate the optimal resolution of the policy tradeoffs emanating from oil-price disturbances. Our simulations show that the...
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