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Quantifying the Fiscal Channel of Monetary Policy
In business-cycle models the effects of monetary policy depend on the fiscal reaction to interest rate changes. This paper investigates …
Frederik Kurcz
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Friend, Not Foe? Monetary Policy and Energy Prices
We empirically show that a central bank’s ability to affect global energy prices crucially alters monetary policy transmission. We …
Gökhan Ider, Alexander Kriwoluzky, Frederik Kurcz, Ben Schumann
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