Has the FED Fallen behind the Curve? Evidence from VAR models
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DOI: 10.1016/j.econlet.2017.06.011
Abstract: We evaluate the role of US monetary policy in shaping inflation and economic activity by means of a medium-scale Bayesian VAR model, where the ZLB and the unconventional measures are addressed by using a shadow… read more here.
Keywords: fed fallen; behind curve; fallen behind; evidence var ... See more keywords