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exogenous income-money ratio which follows a Markov trend. This framework,which implies an influence of expected future money on …
Persistent link: https://www.econbiz.de/10005867935
This paper analyzes forward-looking rules for Swiss monetary policy in a small structural VAR model consisting of four variables taking into account data revisions for GDP. First, the paper develops an analytical method to analyze the effect of data revision errors in GDP on the ex ante or...
Persistent link: https://www.econbiz.de/10005867940