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that document-level aggregation of sentiment leads to missed empirical nuances. The contexts driving sentiment results vary … sentiment measures, we document the same inferences, concluding that document-level aggregation likely leads to lower internal …
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This chapter aims to provide a hands-on approach to New Keynesian models and their uses for macroeconomic policy analysis. It starts by reviewing the origins of the New Keynesian approach, the key model ingredients and representative models. Building blocks of current-generation dynamic...
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