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~isPartOf:"Bank of Finland Research Discussion Paper"
~person:"Kim, Jinill"
~subject:"Monetary policy"
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Extreme Events and Optimal Monetary Policy
Kim, Jinill
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2018
This paper studies the implication of extreme shocks for monetary policy. The analysis is based on a small-scale
New
…
Keynesian
model with sticky prices and wages where shocks are drawn from asymmetric Generalized Extreme Value distributions. A …
Persistent link: https://www.econbiz.de/10012928124
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