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Thirty-five Years of Model Building for Monetary Policy Evaluation: Breakthroughs, Dark Ages, and a Renaissance
Model Building Monetary Policy Evaluation
2015/8/3
ONE OF THE most important advances in monetary policy analysis
in the past three decades has been the development and use of economy-wide
econometric models that combine forward-looking rational exp...
When it comes to stimulating economic growth, the key to future expansion can sometimes be found in the past. Earlier this decade, the government of Aragón in northern Spain realized that its economy ...