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macroeconomic variables in response to the domestic demand shock, the foreign demand and financial shocks and the terms …-of-trade shock at the ZLB. This effects become severe in response to highly persistent shocks which leads to stronger reaction of …
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observed variables. Shock decompositions of the output and the inflation rate revealed the driving forces of the business …
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estimation is used to estimate Korea-specific parameters. Based on the estimated parameters, impulse response analysis and …
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The channels driving the international macroeconomic and financial shock transmission is important for policy makers … monetary tightening shock, the results demonstrate an appreciation of the US Dollar against Turkish lira, a rise in the …
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