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the US, the Eurozone, Australia, Canada, Japan and the UK using fractional integration and cointegration techniques …
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the US, the Eurozone, Australia, Canada, Japan and the UK using fractional integration and cointegration techniques …
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This paper analyses the impact of asymmetric preferences with respect to inflation and output by policymakers on interest-rate reaction functions and test for their existence. A modified New Keynesian framework which makes it possible to identify the dominant type of asymmetry is developed and...
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