Monetary policy and uncertainty in an empirical small open‐economy model
نویسندگان
چکیده
منابع مشابه
Monetary policy and financial shocks in an empirical small open-economy DSGE model
In the aftermath of the global financial crisis in 2008, central banks across the globe reduced their policy rates by unprecedented margins. At the same time, commercial banks were increasing their lending rates in order to protect their crisis-induced fragile balance sheets. To a large extent, these opposing reactions reduced the efficacy of monetary policy in accommodating the substantial dec...
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ژورنال
عنوان ژورنال: Journal of Applied Econometrics
سال: 2010
ISSN: 0883-7252,1099-1255
DOI: 10.1002/jae.1153