Enders, Zeno; Müller, Gernot J.; Scholl, Almut - Center for Financial Studies - 2008
hard to reconcile with the predictions of both Mundell-Fleming
type and intertemporal business cycle models under standard … and, in addition, monetary
policy. On the basis of this experiment, we find that the model does not provide clear … additionally identify monetary policy shocks, our results
are virtually unaltered. The same applies to changes in sample period as …