The American Economic Review, Volume 97American Economic Association., 2007 |
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Página 613
... regime - dependent expectations of inflation in ( 9 ) . This is quite different from fixed regimes because with regime switching , when there is a determinate equilibrium , the solutions always come from " solving forward , " even in ...
... regime - dependent expectations of inflation in ( 9 ) . This is quite different from fixed regimes because with regime switching , when there is a determinate equilibrium , the solutions always come from " solving forward , " even in ...
Página 615
... regime is T , = [ 1 / ( α , - p ) ] r ,, exactly the fixed - regime rule . · II . A Model of Inflation and Output Determination = This and the next sections report the impli- cations of a regime - switching monetary policy process for ...
... regime is T , = [ 1 / ( α , - p ) ] r ,, exactly the fixed - regime rule . · II . A Model of Inflation and Output Determination = This and the next sections report the impli- cations of a regime - switching monetary policy process for ...
Página 624
... regime between regime 1 and regime 2. Using these simulated data , the researcher estimates a VAR with a common set of identifying assump- tions across samples : monetary policy affects aggregate demand directly , while its contempo ...
... regime between regime 1 and regime 2. Using these simulated data , the researcher estimates a VAR with a common set of identifying assump- tions across samples : monetary policy affects aggregate demand directly , while its contempo ...
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EDMUND S PHELPS | 541 |
O 2 0 2007 | 713 |
ALMA COHEN AND LIRAN EINAV | 745 |
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