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the results of variant monetary policy simulations at the euro-area level using the AWM and NiGEM models …
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the euro area. Using Markov-switching techniques, in this paper we identify and compare specifically their major business …, Japan and the euro area appear quite distinct. Documenting and comparing such international business-cycle features can aid …
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Using euro-area data, we re-examine the empirical success of New Keynesian Phillips Curves (NKPCs). The nature of our … of the euro-area NKPCs are robust, provide reasonable estimates for fixed-price durations and discount rates and embody …
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We quantify the degree of persistence in unemployment rates of transition countries using a variety of methods benchmarked against the EU. In part of the paper, we work with the concept of linear u0093Hysteresisu0094 as described by the presence of unit roots in unemployment. Since this is...
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