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Friend, Not Foe? Monetary Policy and Energy Prices
In this paper, we first document a new empirical finding by showing that the European Central Bank’s (ECB) monetary policy decisions …
Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
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Quantifying the Fiscal Channel of Monetary Policy
In macroeconomic models featuring borrowing-constrained agents, the effects of monetary policy depend on the fiscal reaction to …
Frederik Kurcz
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